To understand the origin of the RABS Bill, it is necessary to first understand the current Road Accident Fund (RAF) that was established by the RAF Act (No.56 of 1996) and commenced operations in 1997. The RAF provides insurance cover which compensates all South African road users for injuries sustained or death arising from accidents involving motor vehicles within the borders of South Africa.
The RAF provides indemnity insurance to persons responsible for accidents whilst extending personal injury and death insurance cover to victims of motor vehicle accidents and their families.
RAF ACT Reference Documents
- The Road Accident Fund Act 56 of 1996 came into operation on the 1 May 1997 (OLD ACT) – 19 page pdf
- The Road Accident Fund Amendment Act, 2005 came into operation on the 1 August 2008 (NEW ACT ) – 26 page pdf