“Bank” definition of section 50A of ITA

‘bank’ means any-

(a)     any bank or branch as defined in section 1 of the Banks Act respectively;

[Paragraph (a) substituted by section 64 of Act 43 of 2014 effective on 1 March 2015 – comes into operation in terms of section 64 of Act 43 of 2014 as substituted by section 153 of Act 25 of 2015]

(b)     mutual bank as defined in section 1 of the Mutual Banks Act, 1993 (Act No. 124 of 1993); or

(c)     co-operative bank as defined in section 1 of the Co-operative Banks Act, 2007 (Act No. 40 of 2007);