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Social Assistance Act, 2004 (Act No. 13 of 2004)

Regulations

Regulations in terms of the Social Assistance Act, 2004 (Act No. 13 of 2004)

Chapter 9 : Appointment of a Person to receive a Grant in the case of death of a Primary Caregiver

36. Information to be furnished to the Agency or the Inspectorate by a financial institution

 

A financial institution must, at the request of the Agency or Inspectorate, furnish information on the following:

 

(1) cash investments, bonds or loans or any outstanding debts in favour of the applicant or his or her spouse;

 

(2) any interest in shares, share capital or assets of a company or other institution;

 

(3) any endowment policies after maturity date and cash on hand or in any account with a bank or other financial institution;

 

(4) any fideicommissary rights held by the applicant or his or her spouse;

 

(5) any lump sum investment by the applicant or his or her spouse in a company or financial institution with the aim of procuring annuity; or

 

(6) any other relevant information.

 

 


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