s.96Transitional
96
Section 96Part 15 — General

Transitional

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Where, prior to the 9th December 2023, the commencement date of the National Pensions (Amendment) Act, 2023 [Act 23 of 2023], a person makes an application for a withdrawal under section 52B or 52C and the application has not been determined at the the 9th December 2023, that application shall be dealt with as if the National Pensions (Amendment) Act, 2023 [Act 23 of 2023] had not come into force.
Where a person wishes to vary the amount on an application referred to under subsection (1), the person shall resubmit the application in accordance with the requirements under the National Pensions (Amendment) Act, 2023 [Act 23 of 2023].
Subject to subsections (4) and (5), the terms and conditions in respect of a withdrawal which was granted under section 52B or 52C prior to the 9th December 2023, the date of commencement date of the National Pensions (Amendment) Act, 2023 [Act 23 of 2023], shall continue to apply to the withdrawal as if the National Pensions (Amendment) Act, 2023 [Act 23 of 2023]had not come into force.
Where a person has received a withdrawal under section 52B or 52C prior to the 9th December 2023, the commencement date of the National Pensions (Amendment) Act, 2023 [Act 23 of 2023], ("the original withdrawal") and applies for and is granted another withdrawal under section 52B, 52BA or 52C after the 9th December 2023, the terms and conditions of the original withdrawal shall become subject to the provisions of the National Pensions (Amendment) Act, 2023 [Act 23 of 2023].
Where a person —
has received a withdrawal for a deposit under section 52B prior to the the 9th December 2023, the commencement date of the National Pensions (Amendment) Act, 2023 [Act 23 of 2023];
wishes to apply for another withdrawal under that section after the 9th December 2023, the commencement date of the National Pensions (Amendment) Act, 2023 [Act 23 of 2023], the person shall return the original amount of the deposit to the person's pension plan account and submit a new application for a withdrawal for a deposit in accordance with the National Pensions (Amendment) Act, 2023 [Act 23 of 2023].

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