“Long-term Insurance Act” means the Long-term Insurance Act, 1998 (Act No. 52 of 1998);
Category: Section 1 (ITA) – Interpretation
Below is a list of DELETED or REPEALED definitions for section 1 only. For amendment details of EXISTING definitions, please review the amendment details for each individual definition in the “Options menu” of each individual definition.
Assisted gold mine
Definition of “assisted gold mine” inserted by section 5 of Act 76 of 1968 and deleted by section 2 of Act 141 of 1992.
Building society
Definition of “building society” inserted by section 1 of Act 108 of 1986 and deleted by section 2 of Act 3 of 2008.
Business day
Definition of “business day” inserted by section 2 of Act 113 of 1993 and deleted by section 271 of Act 28 of 2011 effective on 1 October 2012.
Capitalisation shares
Definition of “capitalization shares” inserted by section 4 of Act 85 of 1974 and deleted by section 6 of Act 7 of 2010 effective on 1 January 2011.
Chief Executive Officer
Definition of “Chief Executive Officer” inserted by section 2 of Act 36 of 1996 and deleted by section 34 of Act 34 of 1997.
Date of deep level production
Definition of “date of deep level production” deleted by section 2 of Act 3 of 2008.
Date of assessment
Definition of “date of assessment” inserted by section 4 of Act 69 of 1975 and deleted by section 271 of Act 28 of 2011 effective on 1 October 2012.
Dependant
Definition of “dependant” substituted by section 4 of Act 88 of 1971 and section 4 of Act 85 of 1974, amended by section 3 of Act 104 of 1979 and section 2 of Act 104 of 1980 and deleted by section 2 of Act 90 of 1988.
Designated country
Definition of “designated country” inserted section 6 of Act 74 of 2002 and deleted by section 12 of Act 45 of 2003.
Domestic company
Definition of “domestic company” inserted by section 4 of Act 85 of 1974 and deleted by section 2 of Act 59 of 2000.
Entertainment expenditure
Definition of “entertainment expenditure” inserted by section 2 of Act 121 of 1984 and deleted by section 2 of Act 3 of 2008.
Equity share capital
Definition of “equity share capital” substituted by section 3 of Act 8 of 2007 and substituted by the definition of “equity share” in section 6 of Act 7 of 2010 effective on 1 January 2011.
External company
Definition of “external company” inserted by section 4 of Act 85 of 1974 and deleted by section 2 of Act 59 of 2000.
Foreign equity instrument
Definition of “foreign equity instrument” inserted by section 17 of Act 60 of 2001, amended by section 6 of Act 74 of 2002 and deleted by section 4 of Act 31 of 2013 effective on 12 December 2013.
Government grant
Definition of “government grant” inserted by section 3 of Act 32 of 2005 and deleted by section 2 of Act 22 of 2012 effective on 1 January 2013.
Government scrapping payment
Definition of “government scrapping payment” inserted by section 3 of Act 20 of 2006 and deleted by section 2 of Act 22 of 2012 effective on 1 January 2013.
International headquarter company
Definition of “international headquarter company” inserted by section 2 of Act 59 of 2000 and deleted by section 12 of Act 45 of 2003.
Local authority
Definition of “local authority” amended by section 4 of Act 72 of 1963, substituted by section 5 of Act 88 of 1965 and section 2 of Act 141 of 1992 and deleted by section 3 of Act 20 of 2006.
Married
Definition of “married” deleted by section 5 of Act 5 of 2001.
Married person
Definition of “married person” substituted by section 3 of Act 90 of 1962, section 5 of Act 88 of 1965, section 4 of Act 88 of 1971 and section 4 of Act 90 of 1972, amended by section 3 of Act 104 of 1979, section 2 of Act 104 of 1980, section1 of Act 30 of 1984, section 2 of Act 90 of 1988 and section 2 of Act 70 of 1989 and deleted by section 2 of Act 21 of 1995.
Married woman
Definition of “married woman” inserted by section 2 of Act 70 of 1989, substituted by section 5 of Act 5 of 2001 and deleted by section 2 of Act 3 of 2008.
Mutual building society
Definition of “mutual building society” inserted by section 1 of Act 108 of 1986 and deleted by section 2 of Act 3 of 2008.
New deep level gold mine
Definition of “new deep level gold mine” deleted by section 2 of Act 70 of 1989.
New gold mine
Definition of “new gold mine” amended by section 4 of Act 72 of 1963 and deleted by section 2 of Act 70 of 1989.
Nominal value
Definition of “nominal value” inserted by section 4 of Act 85 of 1974 and deleted by section 6 of Act 7 of 2010 effective on 1 January 2011.
Other deep level gold mine
Definition of “other deep level gold mine” substituted by section 2 of Act 70 of 1989 and deleted by section 2 of Act 3 of 2008.
Post-1966 gold mine
Definition of “post–1966 gold mine” inserted by section 5 of Act 55 of 1966 and deleted by section 2 of Act 129 of 1991.
Qualifying statutory rate
Definition of “qualifying statutory rate” inserted by section 6 of Act 74 of 2002 and deleted by section 12 of Act 45 of 2003.
Scientific research
Definition of “scientific research” deleted by section 12 of Act 45 of 2003.
Secretary
Definition of “Secretary” inserted by section 4 of Act 90 of 1964 and deleted by section 2 of Act 104 of 1980.
Shareholder
Definition of “shareholder” substituted by section 3 of Act 90 of 1962, amended by section 2 of Act 121 of 1984, section 6 of Act 74 of 2002, section 12 of Act 45 of 2003, section 3 of Act 20 of 2006, section 3 of Act 8 of 2007 and section 6 of Act 7 of 2010 and deleted by section 7 of Act 24 of 2011 effective on 1 April 2012.
South African company
Definition of “South African company” inserted by section 4 of Act 85 of 1974, substituted by section 4 of Act 103 of 1976, section 2 of Act 96 of 1985 and section 2 of Act 36 of 1996 and deleted by section 2 of Act 59 of 2000.
Taxable amount
Definition of “taxable amount” inserted by section 4 of Act 88 of 1971 and deleted by section 2 of Act 104 of 1980.
Territory
Definition of “territory” inserted by section 6 of Act 89 of 1969, substituted by section 2 of Act 141 of 1992 and deleted by section 2 of Act 59 of 2000.
Other section 1 amendment details:
Section 1 renumbered to subsection 1(1) by section 271 of Act 28 of 2011 effective on 1 October 2012.
Subsection (2) of section 1 substituted by section 271 of Act 28 of 2011 effective on 1 October 2012.
“Low-cost residential unit” definition of section 1 of ITA
“low-cost residential unit” means-
(a) an apartment qualifying as a residential unit in a building located within the Republic, where-
(i) the cost of the apartment does not exceed R350000; and
(ii) the owner of the apartment does not charge a monthly rental in respect of that apartment that exceeds one per cent of the cost; or
(b) a building qualifying as a residential unit located within the Republic, where-
(i) the cost of the building does not exceed R300000; and
(ii) the owner of the building does not charge a monthly rental in respect of that building that exceeds one per cent of the cost contemplated in subparagraph (i) plus a proportionate share of the cost of the land and the bulk infrastructure:
Provided that for the purposes of paragraphs (a)(ii) and (b)(ii), the cost is deemed to be increased by 10 per cent in each year succeeding the year in which the apartment or building is first brought into use;
“Lump sum benefit” definition of section 1 of ITA
“lump sum benefit” means a retirement fund lump sum benefit or retirement fund lump sum withdrawal benefit;
“Medical Schemes Act” definition of section 1 of ITA
“Medical Schemes Act” means the Medical Schemes Act, 1998 (Act No. 131 of 1998);
“Member’s interest in the retirement component” definition of section 1 of ITA
“member’s interest in the retirement component” means the interest of a member of a pension fund, pension preservation fund, provident fund, provident preservation fund or retirement annuity fund in a retirement component established for that member by that fund, and includes-
(a) any amount allocated to that retirement component as contemplated in paragraph (a) or (c) of the definition of “retirement component”;
(b) any amount credited to that retirement component on or after 1 September 2024; and
(c) any fund return as defined in section 1 of the Pension Funds Act in relation to an amount contemplated in paragraph (a) or (b),
as determined in terms of the rules of the fund, which amount or fund return is reduced proportionally by any amount deducted from a member’s benefit or minimum individual reserve in terms of section 37D(1)(a), (b), (c), (d)(i), (d)(iA), (d)(iB) or (e) of the Pension Funds Act or a similar provision in the Government Employees Pension Law, 1996 (Proclamation No. 21 of 1996), the Post and Telecommunication-Related Matters Act, 1958 (Act 44 of 1958), or the Transnet Pension Fund Act, 1990 (Act 62 of 1990), that is a retirement fund lump sum withdrawal benefit and in respect of the section 37D(1)(d)(iA), (d)(iB) or (e) deduction, that is an amount contemplated in section 7(11);
[Definition of “member’s interest in the retirement component” inserted by section 1(1)(c) of Act 12 of 2024 and substituted by section 1(1)(b) of Act 44 of 2024 and by section 1(1)(a) of Act 6 of 2025 deemed effective on 1 September, 2024]
“Member’s interest in the savings component” definition of section 1 of ITA
“member’s interest in the savings component” means the interest of a member of a pension fund, pension preservation fund, provident fund, provident preservation fund or retirement annuity fund in a savings component established for that member by that fund, and includes-
(a) any amount allocated to that savings component as contemplated in paragraph (a), (b) or (d) of the proviso to the definition of “savings component”;
[Paragraph (a) substituted by section 1(1)(c) of Act 5 of 2026 effective on 1 March, 2026 and applicable in respect of years of assessment commencing on or after that date]
(b) any amount credited to that savings component on or after 1 September 2024; and
(c) any fund return as defined in section 1 of the Pension Funds Act in relation to an amount contemplated in paragraph (a) or (b),
as determined in terms of the rules of the fund, which amount or fund return is-
(i) reduced by any amount withdrawn as contemplated in the definition of “savings withdrawal benefit”; and
(ii) reduced proportionally by any amount deducted from a member’s benefit or minimum individual reserve in terms of section 37D(1)(a), (b), (c), (d)(i), (d)(iA), (d)(iB) or (e) of the Pension Funds Act or a similar provision in the Government Employees Pension Law, 1996 (Proclamation No. 21 of 1996), the Post and Telecommunication-Related Matters Act, 1958 (Act 44 of 1958), or the Transnet Pension Fund Act, 1990 (Act 62 of 1990), that is a retirement fund lump sum withdrawal benefit and in respect of the section 37D(1)(d)(iA), (d)(iB) or (e) deduction, that is an amount contemplated in section 7(11);
[Definition of “member’s interest in the savings component” inserted by section 1(1)(c) of Act 12 of 2024 and substituted by section 1(1)(b) of Act 44 of 2024 deemed effective on 1 September, 2024. Paragraph (ii) substituted by section 1(1)(b) of Act 6 of 2025 deemed effective on 1 September, 2024]
“Member’s interest in the vested component” definition of section 1 of ITA
“member’s interest in the vested component” means the interest of a member of a pension fund, pension preservation fund, provident fund, provident preservation fund or retirement annuity fund in a vested component established for that member by that fund, and includes-
(a) the value of the interest of that member in that fund immediately prior to 1 September 2024;
(b) any amount credited to that vested component on or after 1 September 2024; and
(c) any fund return as defined in section 1 of the Pension Funds Act in relation to an amount contemplated in paragraph (a) or (b),
as determined in terms of the rules of the fund, which value, amount or fund return is-
(i) reduced by the amount allocated as contemplated in paragraph (a) of the definition of “savings component”; and
(ii) reduced proportionally by any amount deducted from a member’s benefit or minimum individual reserve in terms of section 37D(1)(a), (b), (c), (d)(i), (d)(iA), (d)(iB) or (e) of the Pension Funds Act or a similar provision in the Government Employees Pension Law, 1996 (Proclamation No. 21 of 1996), the Post and Telecommunication-Related Matters Act, 1958 (Act 44 of 1958), or the Transnet Pension Fund Act, 1990 (Act 62 of 1990), that is a retirement fund lump sum withdrawal benefit and in respect of the section 37D(1)(d)(iA), (d)(iB) or (e) deduction, that is an amount that is contemplated in section 7(11);
[Definition of “member’s interest in the vested component” inserted by section 1(1)(c) of Act 12 of 2024 and substituted by section 1(1)(b) of Act 44 of 2024 deemed effective on 1 September, 2024. Paragraph (ii) substituted by section 1(1)(c) of Act 6 of 2025 deemed effective on 1 September, 2024]
“Mineral and Petroleum Resources Development Act” definition of section 1 of ITA
“Mineral and Petroleum Resources Development Act” means the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);
“Mining for gold’ or ‘to mine for gold'” definition of section 1 of ITA
“mining for gold” or “to mine for gold” includes mining for uranium or to mine for uranium;
“Mining operations’ and ‘mining'” definition of section 1 of ITA
mining operations” and “mining” include every method or process by which any mineral is won from the soil or from any substance or constituent thereof;