Regulation & compliance May 10, 2018

Member notice | RAF Adjusts Limit on Accident Claims

Article by Peter Atkinson

National technical portfolio manager

FIA

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2018-05-03 | Department of Transport

The Road Accident Fund has announced a consumer price index (CPI)-related adjustment to the statutory limit in respect of claims for loss of income and support as a result of a motor vehicle accident.

The amount referred to under section 17(4)(c) of the Road Accident Fund Act 56 of 1996 has been adjusted to R270 285 with effect from 30 April 2018.

The announcement was published in Government Gazette 41593.

According to the notice, the purpose of the adjustment is to “counter the effects of CPI inflation”.

No claim for loss of income and support can exceed the latest limit.

Limits are adjusted on a quarterly basis in line with inflation.

 


For any queries please contact Peter Atkinson: peter@fia.org.za / 012 665 0085

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