4    Refunds

(1)     The Commissioner must refund the amount of any overpayment of tax or of any interest or penalty properly chargeable in respect of the transfer of any security, in accordance with SECTIONS 190 and 191 of the Tax Administration Act, 2011.

[Subsection (1) substituted by section 271 read with paragraph 174(a) of Schedule 1 of Act 28 of 2011]

(2)     . . . . . .

[Subsection (2) deleted by section 271 read with paragraph 174(b) of Schedule 1 of Act 28 of 2011]

(3)     The Commissioner must refund the amount of tax if the Commissioner is satisfied that the transfer in respect of which that tax became payable has been cancelled, or has been set aside or declared void by any court of law.