Post Office Amendment Act 27 of 1983

The Post Office Amendment Act 27 of 1983 intends:

• to amend the Post Office Act, 1958, so as
  • to make different provision for the manner in which fees, rates or charges may be determined;
  • to empower the Postmaster-General to determine a rate of interest which shall be applicable in respect of certain amounts of money due to the Department of Posts and Telecommunications;
  • to establish a Housing Loan Fund; 
  • to do away with the duty of the Postmaster-General to compile a balance sheet and a revenue and expenditure account in relation to the Savings Bank and National Savings Certificates;
  • to provide for the delegation of the power of the Minister of Posts and Telecommunications to appoint agents for the performance of certain acts in relation to securities, loans and issues of stock;
  • to make different provision in relation to the application of any limitation on deposits in ordinary accounts; 
  • to make different provision for the calculation of interest on balances in certain inactive accounts and the addition thereof to the principal amounts; and
  • to empower the said Minister expressly to prescribe as a condition of any particular issue of National Savings Certificates that the rate of interest relating thereto may from time to time be increased or decreased; and
• to provide for incidental matters.

Commencement

30 March 1983