“prescribed rate”, in relation to any interest payable in terms of the Securities Transfer Tax Administration Act, 2007, means such rate as the Minister may fix from time to time by notice in the Gazette in terms of section 80(1)(b) of the Public Finance Management Act, 1999 (Act No. 1 of 1999): Provided that where the Minister fixes a new rate in terms of that Act, that new rate applies for the purposes of the Securities Transfer Tax Administration Act, 2007, from the first day of the second month following the date on which that new rate came into operation;

“Republic” means the “Republic” as defined in section 1 of the Income Tax Act;

“security” means –

(a)     any share or depository receipt in a company; or

[Paragraph (a) amended by section 145 of Act 24 of 2011 effective on 1 April 2012]

(b)     any member’s interest in a close corporation,

[Paragraph (b) amended by section 145 of Act 24 of 2011 effective on 1 April 2012]

(c)     ……….

[Paragraph (c) deleted by section 145 of Act 24 of 2011 effective on 1 April 2012]

excluding the debt portion in respect of a share linked to a debenture;

“tax” means the tax payable in terms of this Act;

“transfer” includes the transfer, sale, assignment or cession, or disposal in any other manner, of a security or the cancellation or redemption of that security, but does not include –

(a)     any event that does not result in a change in beneficial ownership;

(b)     any issue of a security; or

(c)     a cancellation or redemption of a security if the company which issued the security is being wound up, liquidated or deregistered or its corporate existence is being finally terminated;

“unlisted security” means any security other than a listed security;

[Definition of “unlisted security” amended by section 153 of Act 22 of 2012 effective on 1 January 2013]

“unrestricted and security restricted stock account” means an unrestricted and security restricted stock account as defined in the exchange rules.

[Definition of “unrestricted and security restricted stock account” amended by section 153 of Act 22 of 2012 effective on 1 January 2013]