“asset” includes-

 

(a)     property of whatever nature, whether movable or immovable, corporeal or incorporeal; and

 

(b)     a right or interest of whatever nature to or in the property;

‘binding class ruling’ means a written statement issued by SARS regarding the application of a tax Act to a specific ‘class’ of persons in respect of a ‘proposed transaction’;

‘binding effect’ means the requirement that SARS interpret or apply the applicable tax Act in accordance with an ‘advance ruling’ under section 82;

‘binding general ruling’ means a written statement issued by a senior SARS official under section 89 regarding the interpretation of a tax Act or the application of a tax Act to the stated facts and circumstances;

‘binding private ruling’ means a written statement issued by SARS regarding the application of a tax Act to one or more parties to a ‘proposed transaction’, in respect of the ‘transaction’;

“biometric information” means biological data used to authenticate the identity of a natural person by means of-

(a)     facial recognition;

(b)     fingerprint recognition;

(c)     voice recognition;

(d)     iris or retina recognition; and

(e)     other, less intrusive biological data, as may be prescribed by the Minister in a regulation issued under section 257;

“business day” means a day which is not a Saturday, Sunday or public holiday, and for purposes of determining the days or a period allowed for complying with the provisions of Chapter 9, excludes the days between 16 December of each year and 15 January of the following year, both days inclusive;

‘class member’ and ‘class members’ means a member or members of the ‘class’ to which a ‘binding class ruling’ applies;

‘class’ means-

 

(a)     shareholders, members, beneficiaries or the like in respect of a company, association, pension fund, trust, or the like; or

 

(b)     a group of persons, that may be unrelated and-

 

(i)      are similarly affected by the application of a tax Act to a ‘proposed transaction’; and

 

(ii)     agree to be represented by an ‘applicant’;

“Commissioner” means the Commissioner for the South African Revenue Service appointed in terms of section 6 of the SARS Act or the Acting Commissioner designated in terms of section 7 of that Act;