ARRANGEMENT OF SECTIONS

Section 1 – Definitions

Section 2 – Imposition of royalty

Section 3 – Determination of royalty

Section 4 – Royalty formulae

Section 5 – Earnings before interest and taxes

Section 6 – Gross sales

Section 6A – Application of Schedule 2

Section 7 – Small business exemption

Section 8 – Exemption for sampling

Section 8A – Rollover relief for transfers between extractors

Section 9 – Rollover relief for disposals involving going concerns

Section 10 – Transfer involving body of unincorporated persons

Section 11 – Arm’s length transactions

Section 12 – General anti-avoidance rule

Section 13 – Conclusion of fiscal stability agreements

Section 14 – Terms and conditions of fiscal stability agreements

Section 15 – Foreign currency

Section 16 – Transitional credits

Section 17 – Act binding on State and application of other laws

Section 18 – Short title and commencement

Schedule 1

Schedule 2

BE IT ENACTED by the Parliament of the Republic of South Africa, as follows:—