Registrar of Pension Funds and Another v Angus NO and Others (677/05)
Registrar of Pension Funds and Another v Angus NO and Others (677/05) [2007] ZASCA 48; [2007] 2 All SA 608 (SCA); 2007 (5) SA 1 (SCA); (2007) 28 ILJ 1695 (SCA) (30 March 2007)
The majority held that the EIPF and MIPF were established pursuant to and thus 'in terms of' the industrial council agreements published under section 48 of the Industrial Conciliation Act. The court found that the agreements provided for the establishment, membership, contribution collection, and administration of the funds, and that the funds' creation was a direct result of collective bargaining within the industry. The legislative context and purpose indicated that Parliament intended to exempt such industry funds from the regulatory regime of the Pension Funds Act, allowing them to opera…
Source excerpt
- Pension Funds Act
- Industrial Council Agreements
- Collective Bargaining
- Statutory Exemption
- Interpretation Of Statutes