Amended Unemployment Insurance (UIF) Act
4. Establishment of Unemployment Insurance Fund
as amended by the
Amendment - Unemployment Insurance Act
Chapter 2 : Unemployment Insurance Fund
4. Establishment of Unemployment Insurance Fund
(1) The
Unemployment Insurance Fund is hereby established.
(2) The
Fund consists of—
(a) the contributions made by employers and employees and collected
by the Commissioner of the South African Revenue Service in terms of
the Unemployment Insurance Contributions Act;
(b) the contributions made by employers and employees and collected
by the Commissioner in terms of the Unemployment Insurance
Contributions Act;
(c) money appropriated by Parliament;
(d) any penalties and fines imposed in terms of this Act other than
by a court of law;
(e) any interest or return on investment made by the Fund;
(f) any money paid erroneously to the Fund which, in the
opinion of the Director-General, cannot be refunded;
(g) any bequest or donation received by the Fund;
(h) any movable or immovable property purchased or otherwise
acquired by the Fund; and
(i) any other money to which the Fund may become entitled.
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