8       Interest on overdue payments and penalty on default recoverable from person to whom security is transferred

(1)     In the case of a listed security, a member or participant may recover the amount of interest or penalty payable by that member or participant under the Tax Administration Act from the person-

(a)     to whom a listed security is transferred; or

(b)     who cancels or redeems a listed security,

to the extent that the action or inaction of that person resulted in the interest or penalty.

(2)     In the case of an unlisted security, the company which issued that security may recover the amount of interest or penalty payable by that company under the Tax Administration Act from the person to whom that security was transferred, to the extent that the action or inaction of that person resulted in the interest or penalty.

[Section 8 substituted by section 271 read with paragraph 178 of Schedule 1 of Act 28 of 2011 effective on 1 October, 2012 except to the extent related to interest in respect of which the wording prior to the amendment applies: Proclamation 51 in Government Gazette 35687]

CHAPTER 2
RECOVERY OF TAX

9               . . . . . .

[Section 9 repealed by section 271 read with paragraph 177 of Schedule 1 of Act 28 of 2011]

10             . . . . . .

[Section 10 repealed by section 271 read with paragraph 177 of Schedule 1 of Act 28 of 2011]

11             . . . . . .

[Section 11 repealed by section 271 read with paragraph 177 of Schedule 1 of Act 28 of 2011]