Section 42Part 6 — Miscellaneous Provisions
Vali dation of payment and collection of fees and of returns
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The payment of fees to, and the charging and collection of fees by, the Authority without statutory authority prior to 1st January, 2025, the commencement date of the Mutual Funds (Amendment and Validation) Act, 202 4 [Act 18 of 2024] , for —
any administrative service provided by the Authority; and
the submission of returns, are validated and taken to have been lawfully charged by, paid to and collected by the Authority, as if the Authority was empowered under the principal Act as amended by the Mutual Funds (Amendment and Validation) Act, 202 4 [Act 18 of 2024] to charge and collect those fees.
Any returns made, or required to be made, prior to the 1st January, 2025, the comme ncement date of the Mutual Funds (Amendment and Validation) Act, 202 4 [Act 18 of 2024] are taken to have been lawfully made or required to be made as if the returns were made or required to be made under the principal Act as amended by the Mutual Funds (A dmendment and Validation) Act, 202 4 [Act 18 of 2024] .