The Road Accident Fund Act 56 of 1996 came into operation on the 1 May 1997 (OLD ACT)
The Road Accident Fund Amendment Act, 2005 came into operation on the 1 August 2008 (NEW ACT )
The object of both Acts is to pay compensation in accordance with applicable legislations for personal loss or damage wrongfully caused by the driving of a motor vehicle;
The MVA system indemnifies the driver/owner of a motor vehicle against liability incurred as the result of the loss/damaged wrongfully caused to another person in road accidents.
The object of the Fund shall be the payment of compensation in accordance with this Act for loss or damage wrongfully caused by the driving of motor vehicles.
The resources and facilities of the Fund shall be used exclusively to achieve, exercise and perform the object, powers and functions of the Fund, respectively.
When a third party is entitled under section 17 to claim from the Fund or an agent any compensation in respect of any loss or damage resulting from any bodily injury to or death of any person caused by or arising from the driving of a motor vehicle by the owner thereof or by any other person with the consent of the owner, that third party may not claim compensation in respect of that loss or damage from the owner or from the person who so drove the vehicle, or if that person drove the vehicle as an employee in the performance of his or her duties, from his or her employer, unless the Fund or such agent is unable to pay the compensation.
This Act shall be called the RAF: Road Accident Fund Act, 1996, and shall come into operation on a date fixed by the President by proclamation in the Gazette, except section 10, which shall be deemed to have come into operation on 21 April 1996.
To further regulate the affairs of the [Multilateral Motor Vehicle Accidents]RAF: Road Accident Fund; and to provide for matters connected therewith;