Page 199 - Juta's Indirect Tax

ss 9-11 SECURITIES TRANSFER TAX ADMINISTRATION ACT 26 OF 2007 s 22
CHAPTER 2
9 to 11 inclusive . . .
[Ss. 9 to 11 inclusive repealed by s. 271 of Act 28 of 2011.]
CHAPTER 3 GENERAL PROVISIONS (ss 12-22)
12 . . .
[S. 12 repealed by s. 271 of Act 28 of 2011.]
13 Records
may be required to enable the company to observe the requirements of this Act and to enable the Commissioner to be satis ed that those requirements have been observed.
14 to 19 inclusive . . .
[Ss. 14 to 19 inclusive repealed by s. 271 of Act 28 of
2011.]
20 Offences
In addition to the offences contained in sections 235 and 236 of the Tax Administration Act, 2011, any person who acquires an unlisted security and fails to inform the company of the transfer within the period referred to in section 2, is guilty of an offence and liable on conviction to a ne or to imprisonment for a period not exceeding two years.
[S. 20 substituted by s. 271 of Act 28 of 2011.]
21 . . .
[S. 21 repealed by s. 271 of Act 28 of 2011.]
22 Short title and commencement
This Act is called the Securities Transfer Tax Admini- stration Act, 2007, and comes into operation on 1 July 2008.
(1) Any member, participant or person to whom a listed security is transferred must keep, for a period of ve years, such record of every transfer which has been effected by the member, participant or person to whom the security has been transferred as may be required to enable the member, participant or person to whom the security has been transferred, as the case may be, to observe the requirements of this Act and to enable the Commissioner to be satis ed that those requirements have been observed.
(2) The company referred to in section 3 (1) (c) must keep, for a period of ve years, such records of every transfer of an unlisted security issued by it as
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SECURITIES TRANSFER TAX ADMINISTRATION ACT