CHAPTER 1

ADMINISTRATION AND INTERPRETATION

1     Administration and interpretation of Act

(1)     The Commissioner must administer this Act and the Securities Transfer Tax Act, 2007, in accordance with the provisions of the Tax Administration Act, 2011.

[Subsection (1) substituted by section 271 read with paragraph 172(a) of Schedule 1 of Act 28 of 2011]

(1A)   Administrative requirements and procedures for purposes of the performance of any duty, power or obligation or the exercise of any right in terms of this Act are, to the extent not regulated in this Act, regulated by the Tax Administration Act, 2011.

[Subsection (1A) inserted by section 271 read with paragraph 172(b) of Schedule 1 of Act 28 of 2011]

(2)     Unless the context indicates otherwise, a word or expression to which a meaning has been assigned in the Tax Administration Act, 2011, and any word or expression to which a meaning has been assigned in the Securities Transfer Tax Act, 2007, bears the meaning so assigned for the purposes of this Act.

[Subsection (2) substituted by section 271 read with paragraph 172(c) of Schedule 1 of Act 28 of 2011]