Section 11 (STT Act) – Repeal of Act

11.  Repeal of Act

(1)     The Uncertificated Securities Tax Act, 1998 (Act No. 31 of 1998), is hereby repealed.

(2)     Notwithstanding subsection (1), the provisions of the Uncertificated Securities Tax Act, 1998 (Act No. 31 of 1998), continue to apply in respect of any change in beneficial ownership in any security before the date of the repeal of that Act as if that Act had not been so repealed.