Reproduced under Goverment Printer’s Authorisation (Authorisation No. 11837) dated 30 November 2020.

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MINERAL AND PETROLEUM RESOURCES ROYALTY (ADMINISTRATION) ACT 29 OF 2008

(English text signed by the President)

[Assented To 21 November, 2008]

(Date Of Commencement: 1 May, 2009)

as amended by

Taxation Laws Second Amendment Act 18 of 2009

Voluntary Disclosure Programme and Taxation Laws Second Amendment Act 8 of 2010

Tax Administration Act 28 of 2011

Tax Administration Laws Amendment Act 21 of 2012

Tax Administration Laws Amendment Act 39 of 2013

Tax Administration Laws Amendment Act 23 of 2015

Tax Administration Laws Amendment Act 16 of 2016

Latest 2024 Live Updates: COMPLETED!

Tax Administration Laws Amendment Act 18 of 2023

ACT

To provide for the administration of matters in connection with the imposition of a royalty on the transfer of mineral resources and for matters connected therewith.

ARRANGEMENT OF SECTIONS

[Arrangement of Sections substituted by section 32(1) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

Part I
Interpretation

Section 1 – Definitions

Part II
Registration

Section 2 – Registration

Section 3 – Cancellation of registration

Section 4 – Election for unincorporated body of persons

Part III
Estimates, returns, payments, adjusted estimates, refunds and records

Section 5 – Estimates, returns and payments

Section 5A – Adjustments of estimates

Section 6 – Payments and returns

Section 6A – Refunds

Section 7 – Repealed

Section 8 – Maintenance of records

Part IV

Repealed

Section 9 – Repealed

Section 10 – Repealed

Section 11 – Repealed

Part V
Penalties and interest

Section 13 – Repealed

Section 14 – Penalty for underpayment as a result of underestimation of royalty payable

Section 15 – Repealed

Section 16 – Interest

Part VI
Miscellaneous

Section 17 – Administration of Act

Section 18 – Repealed

Section 19 – Reporting, secrecy and disclosure

Section 20 – Regulations

Section 21 – Short title and commencement

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

Part I

Interpretation

1      Definitions

(1)    In this Act, unless the context indicates otherwise—

“financial year” means a financial year as defined in section 1 of the Income Tax Act;

“registered person” means a person that qualifies for registration in terms of section 2;

“Royalty Act” means the Mineral and Petroleum Resources Royalty Act, 2008 (Act 28 of 2008);

[Definition of “Royalty Act” substituted by section 33(1)(c) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

“Tax Administration Act” means the Tax Administration Act, 2011 (Act 28 of 2011);

[Definition of “Tax Administration Act” inserted by section 271 read with paragraph 183(d) of Sch. 1 of Act 28 of 2011 and substituted by section 33(1)(d) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

“year of assessment”, in relation to a registered person, means-

(a)     in the case of a natural person or trust, the period commencing on 1 March and ending on the last day of February of the following year; and

(b)     in the case of any other person—

(i)      the period commencing on 1 March 2010 and ending on the last day of the financial year in which that period falls; or

(ii)     the period commencing on the first day of that person’s financial year and ending on the last day of that financial year, and if any financial year begins on any day other than the first day of a month, that financial year is deemed to begin on the first day of that month.

[Paragraph (b) substituted by section 33(1) of Act 8 of 2010 deemed effective on 1 March, 2010]

(2)     Unless the context indicates otherwise, a word or expression to which a meaning has been assigned in the Royalty Act bears the meaning so assigned for purposes of this Act.

(3)     Unless the context indicates otherwise, a word or expression to which a meaning has been assigned in the Tax Administration Act, bears that meaning for purposes of this Act.

[Subsection (3) inserted by section 271 read with paragraph 183(e) of Sch. 1 of Act 28 of 2011]

Part II

Registration

2      Registration

(1)     A person qualifies for registration in terms of this Act if that person—

(a)     holds a prospecting right, retention permit, exploration right, mining right, mining permit or production right granted pursuant to the Mineral and Petroleum Resources Development Act or a lease or sublease mentioned in section 11 of the Mineral and Petroleum Resources Development Act in respect of such a right;

[Paragraph (a) amended by section 34(1)(a) of Act 8 of 2010 deemed effective on 1 November, 2009]

(b)     wins or recovers a mineral resource extracted from within the Republic; or

[Paragraph (b) substituted by section 34(1)(b) of Act 8 of 2010 deemed effective on 1 November, 2009]

(c)     elects to register for the purposes of this Act.

[Paragraph (c) added by section 34(1)(c) of Act 8 of 2010 deemed effective on 1 November, 2009]

(2)      A person that qualifies for registration as mentioned in subsection (1)—

(a)     on 1 November 2009—

i)       may apply to register with the Commissioner on or after 1 November 2009; and

(ii)      must apply to register with the Commissioner by 28 February, 2010; or

[Subparagraph (ii) substituted by section 34(1)(d) of Act 8 of 2010 deemed effective on 1 November, 2009]

(b)     after 1 November 2009 must apply to register with the Commissioner within 60 days after the day on which that person qualifies for registration.

[Subsection (2) substituted by section 62 of Act 18 of 2009]

(3)     The Commissioner must register a person that qualifies for registration and that registration takes effect from the beginning of the year of assessment during which the person qualifies for registration.

3    Cancellation of registration

(1)     A person registered under this Act that no longer qualifies for registration (or anticipates not qualifying for registration from a specified date) may apply to the Commissioner for cancellation of registration.

(2)     Upon receipt of an application mentioned in subsection (1), the Commissioner may cancel the registration of a person mentioned in subsection (1) effective on the day after the last day of the year of assessment in which that person no longer qualified for registration as mentioned in subsection (1).

(3)     The obligations and liabilities of a person under this Act and the Royalty Act in respect of anything done or omitted to be done by the person while a registered person are not affected by the cancellation of the registration of that person as mentioned in subsection (2).

4      Election for unincorporated body of persons

(1)     Notwithstanding subsection (2), if an unincorporated body of persons—

(a)     consists of two or more members;

(b)     of which one or more members hold a prospecting right, retention permit, exploration right, mining right, mining permit or production right granted pursuant to the Mineral and Petroleum Resources Development Act (or a lease or sublease mentioned in section 11 of that Act in respect of such a right); and

[Paragraph (b) substituted by section 271 read with paragraph 184 of Sch. 1 of Act 28 of 2011]

(c)     wins or recovers a mineral resource originating from within the Republic,

all the members of that unincorporated body may elect that the unincorporated body is deemed to be a person for the purposes of this Act, the Royalty Act and the Income Tax Act as applied to the Royalty Act.

[Subsection (1) substituted by section 35(1) of Act 8 of 2010 deemed effective on 1 March, 2010]

(2)     On the day on which the members of an unincorporated body make an election as mentioned in subsection (1) all the members of that unincorporated body must elect a year of assessment in respect of that unincorporated body and that year of assessment must be the same year of assessment as that of a member of that unincorporated body.

(3)     If the members of an unincorporated body made an election mentioned in subsection (1)—

(a)     the liabilities and duties imposed under this Act and the Royalty Act in respect of that unincorporated body must be applied and performed by that unincorporated body separately from the members of that unincorporated body;

(b)     any other actions that are permitted by a person registered under this Act in respect of that unincorporated body must be performed by that unincorporated body separately from the members of that unincorporated body; and

(c)     section 10 of the Royalty Act applies to that unincorporated body for as long as that unincorporated body is deemed to be a person by virtue of the election made in terms of subsection (1).

(4)     Each member of an unincorporated body that made an election mentioned in subsection (1) is liable jointly and severally with the other members of that unincorporated body for—

(a)     the duties of that unincorporated body under this Act and the Royalty Act;

(b)     the royalty imposed under the Royalty Act on that unincorporated body in respect of all mineral resources transferred by that unincorporated body, while the member was a member of that unincorporated body.

(5)    If—

(a)     an unincorporated body of which the members made an election mentioned in subsection (1) is dissolved solely as a result of—

(i)      the retirement, withdrawal or death of one or more members of that unincorporated body; or

(ii)      the admission of a new member to that unincorporated body; and

(b)     the new unincorporated body which is brought into being as a result of the dissolution mentioned in paragraph (a) satisfies the requirements of subsection (1)(a) and (b),

the election made by the members of the dissolved unincorporated body as mentioned in subsection (1) remains in effect for purposes of the new unincorporated body notwithstanding that dissolution.

(6)     All the members of an unincorporated body that made an election mentioned in subsection (1) may at any time elect to terminate the registration of that unincorporated body effective on the day after the last day of the year of assessment in which that election was made.

[Section 4 substituted by section 63(1) of Act 18 of 2009 effective on 1 November, 2009]

Part III
Estimates, returns, payments, adjusted estimates, refunds and records

[Part III, heading substituted by section 34(1) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

5      Estimates, returns and payments

(1)     In respect of a year of assessment a registered person must—

(a)     estimate the royalty payable;

(b)     submit a return of that estimate; and

(c)     make a first payment equal to one-half of the amount of the royalty so estimated,

not later than six months after the first day of that year of assessment.

(2)     In respect of a year of assessment a registered person must—

(a)     estimate the royalty payable;

(b)     submit a return of that estimate; and

(c)     make a second payment equal to the amount of the royalty so estimated less the amount paid as mentioned in subsection (1),

by the last day of that year of assessment.

[Section  5 amended by section 36(1) of Act 8 of 2010, by section 271 read with paragraph 185(a) and (b) of Sch. 1 of Act 28 of 2011 and substituted by section 35(1) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

5A     Adjustments of estimates

(1)     The Commissioner may require a registered person to justify any estimate of the royalty payable as mentioned in section 5(1) or (2) or to furnish particulars in respect of that estimate and, if the Commissioner is dissatisfied with the amount of that estimate, the Commissioner may increase the amount of the estimate to an amount that the Commissioner considers reasonable, which increase is not subject to objection and appeal.

(2)     If in respect of a year of assessment a registered person does not submit an estimate by the end of the period specified in section 5(1) or (2), the Commissioner may estimate the amount of the royalty payable in respect of that year of assessment.

(3)     Any additional amount of royalty payable as a result of the increase or estimate referred to in subsection (1) or (2) must be paid within the period specified in a notice of assessment referred to in section 96 of the Tax Administration Act and issued in respect of that additional assessment.

(4)     Subject to subsection (2), if a registered person fails to submit an estimate of the royalty payable in respect of a year of assessment before the end of a period of four months after the last day of that year of assessment, that registered person is regarded as having submitted an estimate of an amount of nil royalty payable.

[Section 5A inserted by section 36(1) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

6      Payments and returns

(1)     . . . . . .

[Subsection (1) substituted by section 28 of Act 39 of 2013 and deleted by section 37(1)(b) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

(2)     If the amount of the royalty payable in respect of a year of assessment exceeds the sum of the payments made in terms of sections 5(1) and (2) and 5A, the registered person must—

(a)     submit a return of that excess; and

(b)     pay the excess,

not later than six months after the last day of that year of assessment.

[Subsection (2) substituted by section 37(1)(c) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

(3)     A registered person must submit a final return for the royalty payable in respect of a year of assessment not later than 12 months after the last day of that year of assessment.

[Subsection (3) inserted by section 37(1)(d) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

[Section 6 amended by section 37(1)(a) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

6A      Refunds

If in respect of a year of assessment the amount of the royalty payable by a registered person is less than the sum of the payments made by that registered person in terms of sections 5, 5A and 6, the excess must be refunded by the Commissioner to the registered person under Chapter 13 of the Tax Administration Act.

[Section 6A inserted by section 38(1) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

7   . . . . . .

[Section 7 repealed by section 271 read with paragraph 186 of Sch. 1 of Act 28 of 2011]

8     Maintenance of records

In addition to the records required under the Tax Administration Act, a registered person must retain the following records in respect of mineral resources extracted from within the Republic:

(a)     particulars of “earnings before interest and taxes” as mentioned in section 5 of the Royalty Act with sufficient detail to identify all the gross sales, income and allowable deductions in respect of those earnings;

(b)     particulars of “gross sales” as mentioned in section 6 of the Royalty Act with sufficient detail to identify all transferred mineral resources in respect of those gross sales and the persons acquiring those transferred mineral resources;

(c)     the quantity of mineral resources—

(i)      extracted but not transferred; and

(ii)     transferred,

by that registered person with sufficient detail to identify the mineral resources extracted but not transferred and the mineral resources transferred;

(d)     the accounting income with sufficient detail to identify the “earnings before interest and taxes” as mentioned in section 5 of the Royalty Act that relate to that accounting income;

(e)     any ledger, cash book, journal, cheque book, bank statement, deposit slip, paid cheque, invoice, other book of account or financial statement; and

(f)      any information specifically required by the Commissioner by public notice.

[Section 8 amended by section 271 read with paragraph 187(a) and (b) of Schedule 1 of Act 28 of 2011 and substituted by section 39(1) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

Part IV
Repealed

[Part IV repealed by section 40(1) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

9  . . . . . .

[Section 9 amended by section 271 read with paragraph 188 of Schedule 1 of Act 28 of 2011 and repealed by section 40(1) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

10  . . . . . .

[Section 10 repealed by section 271 read with paragraph 189 of Schedule 1 of Act 28 of 2011 and by section 40(1) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

11  . . . . . .

[Section 11 repealed by section 271 read with paragraph 189 of Schedule 1 of Act 28 of 2011 and by section 40(1) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

12     . . . . . .

[Section 12 repealed by section 271 read with paragraph 189 of Schedule 1 of Act 28 of 2011 and by section 40(1) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

Part V
Penalties and interest

[Part V, heading substituted by section 41(1) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date

13    . . . . . .

[Section 13 repealed by section 271 read with paragraph 189 of Schedule 1 of Act 28 of 2011]

14     Penalty for underpayment as a result of underestimation of royalty payable

(1)     If in respect of a year of assessment the royalty payable exceeds the amounts paid under sections 5(1) and (2) and 5A and that excess is greater than 20 per cent of the royalty payable, the Commissioner must impose a penalty, which is regarded as a percentage based penalty imposed under Chapter 15 of the Tax Administration Act, that may not exceed 20 per cent of that excess.

[Subsection (1) substituted by section 37(1) of Act 8 of 2010, by section 32(a) of Act 23 of 2015 and by section 42(1)(b) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

(2)     A penalty imposed as mentioned in subsection (1) is payable within 30 days from the date on which it was imposed.

(3)     Where the Commissioner is satisfied that the estimates of the royalty payable and the amounts paid as mentioned in section 5 were seriously calculated with due regard to the factors having a bearing thereon and were not deliberately or negligently understated, or if the Commissioner is partly so satisfied, the Commissioner may remit the penalty mentioned in subsection (1) or a part thereof.

[Subsection (3) added by section 32(b) of Act 23 of 2015]

(4)     If—

(a)     a registered person is regarded under section 5A (4) as having submitted an estimate of an amount of nil royalty payable in respect of a year of assessment due to a failure to submit an estimate before the end of a period of four months after the last day of that year of assessment; and

(b)     the Commissioner is satisfied that the failure was not due to an intent to evade or postpone the payment of the royalty,

the Commissioner may remit the whole or any part of a penalty imposed under subsection (1).

[Subsection (4) added by section 42(1)(c) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

[Section 14 amended by section 42(1)(a) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

15     . . . . . .

[Section 15 repealed by section 43(1) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

16     Interest

(1)     The Commissioner must pay interest in accordance with the provisions contained in Chapter 12 of the Tax Administration Act in respect of overpayment of an amount paid to the extent that that amount exceeds—

(a)     in the case where that amount was paid in respect of a notice of assessment, the amount so assessed; or

(b)     in any other case, the amount of royalty properly chargeable under the Royalty Act.

[Subsection (1) substituted by section 44(1)(a) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

(2)     A registered person must pay interest in accordance with the provisions contained in Chapter 12 of the Tax Administration Act—

(a)     in respect of so much of the amount that must be paid in terms of section 5(1) or (2), 5A or 6 as is not paid on the day by which that payment was required to be made under this Act; and

(b)     . . . . . .

(c)     in respect of so much of the amount that must be paid under an additional assessment issued by the Commissioner, other than an additional assessment under section 5A, as is not paid on the day by which that payment was required to be made.

[Subsection (2) substituted by section 44(1)(b) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

(3)      . . . . . .

[Subsection (3) deleted by section 44(1)(c) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

Part VI
Miscellaneous

17     Administration of Act

(1)     The Commissioner is responsible for administering this Act and the Royalty Act, in accordance with the provisions of the Tax Administration Act.

[Subsection (1) substituted by section 271 read with paragraph 190(a) of Act 28 of 2011]

(2)     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.

[Subsection (2) substituted by section 271 read with paragraph 190(b) of Act 28 of 2011]

18     . . . . . .

[Section 18 repealed by section 271 read with paragraph 191 of Sch. 1 of Act 28 of 2011]

19             Reporting, secrecy and disclosure

(1)     Despite Chapter 6 of the Tax Administration Act, the Commissioner must annually submit to the Minister of Finance a report, in the form and manner that the Minister may prescribe, within six months from the date that the Commissioner received the report from each extractor, advising the Minister of—

(a)     the volume of mineral resources transferred by each extractor;

[Paragraph (a) substituted by section 29(1)(b) of Act 39 of 2013 effective on 1 January, 2014 and applicable in respect of years of assessment commencing on or after that date]

(b)     the gross sales of each extractor as mentioned in section 6(1) and (2) of the Royalty Act;

[Paragraph (b) amended by section 38(1)(a) of Act 8 of 2010 and substituted by section 29(1)(b) of Act 39 of 2013 effective on 1 January, 2014 and applicable in respect of years of assessment commencing on or after that date]

(bA)   the adjusted gross sales of the extractor if that adjustment is required in terms of section 6(5) of the Royalty Act;

[Paragraph (bA) inserted by section 29(1)(c) of Act 39 of 2013 effective on 1 January, 2014 and applicable in respect of years of assessment commencing on or after that date]

(c)     the percentage determined in terms of section 4(1), (1A) and (2) of the Royalty Act;

[Paragraph (c) amended by section 24 of Act 18 of 2023]

(d)     the methodology employed to adjust the amount allowed to be deducted in respect of the use of assets or expenditure incurred in terms of section 5 of the Mineral and Petroleum Resources Royalty Act;

[Paragraph (d) added by section 38(1)(a) of Act 8 of 2010 deemed effective on 1 March, 2010]

(e)     the methodology employed to adjust the amount of gross sales determined in terms of section 6 of the Mineral and Petroleum Resources Royalty Act;

[Paragraph (e) added by section 38(1)(a) of Act 8 of 2010 deemed effective on 1 March, 2010]

(f)      the allocation of the amount in respect of assets used or expenditure incurred contemplated in section 5 of the Royalty Act per mineral resource;

[Paragraph (f) added by section 38(1)(a) of Act 8 of 2010 deemed effective on 1 March, 2010]

(g)     the amounts of the royalty imposed in terms of section 2 of the Royalty Act in respect of refined minerals and unrefined minerals, respectively;

[Paragraph (g) added by section 33(1)(b) of Act 21 of 2012 effective on 1 January, 2013]

(h)     the amount of earnings before interest and taxes determined in accordance with section 5(1) and (2) of the Royalty Act, respectively;

[Paragraph (h) added by section 33(1)(b) of Act 21 of 2012 effective on 1 January, 2013]

(i)      the amount of the royalty that would have been imposed on an extractor in respect of mineral resources transferred had that extractor not been exempt from the royalty in terms of section 7(1)(a) of the Royalty Act;

[Paragraph (i) added by section 33(1)(b) of Act 21 of 2012 effective on 1 January, 2013]

(j)      the amount of the royalty that would have been imposed on an extractor in respect of mineral resources transferred had that extractor not been exempt from the royalty in terms of section 7(1)(b) of the Royalty Act; and

[Paragraph ( j) added by section 33(1)(b) of Act 21 of 2012 effective on 1 January, 2013]

(k)     the amount of the royalty that would have been imposed on an extractor had that extractor not been exempt from the royalty in terms of section 8 of the Royalty Act.

[Subsection (1) amended by section 33(1)(a) of Act 21 of 2012, by section 29(1)(a) of Act 39 of 2013 and by section 46(1)(b) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date. Paragraph (k) added by section 33(1)(b) of Act 21 of 2012 effective on 1 January, 2013]

(2)     The Minister of Finance and every person employed or engaged by him or her with regard to all matters that may come to his or her knowledge by virtue of subsection (1) are subject to section 67(4) of the Tax Administration Act.

[Subsection (2) substituted by section 29(1)(d) of Act 39 of 2013 and by section 46(1)(c) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

(3)     . . . . . .

[Subsection (3) deleted section 46(1)(d) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

(4)     . . . . . .

[Subsection (4) deleted section 46(1)(d) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

(5)     . . . . . .

[Subsection (5) deleted section 46(1)(d) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

(6)     . . . . . .

[Subsection (6) deleted section 46(1)(d) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

(7)     The provisions of this section must not be construed as preventing—

(a)    . . . . . .

[Paragraph (a) deleted by section 29(1)(e) of Act 39 of 2013 effective on 1 January, 2014 and applicable in respect of years of assessment commencing on or after that date]

(b)     the Commissioner from disclosing to the Director-General of the Department of Mineral Resources; and

(c)     the Minister of Finance and the Commissioner from disclosing to the chief executive officer of the agency designated by the Minister responsible for Mineral Resources in terms of section 70 of the Mineral and Petroleum Resources Development Act, 2002 (Act 20 of 2002),

any information submitted under subsection (1).

[Subsection (7) substituted by section 38(1)(b) of Act 8 of 2010 and amended by section 46(1)(e) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

(8)     The provisions of subsection (2) apply to the persons referred to in subsection (7) and any person engaged or employed by them that has access to the information.

[Section 19 amended by section 46(1)(a) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date. Subsection (8) added by section 46(1)(f) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

20      Regulations

The Minister of Finance may make regulations—

(a)     to ensure that all foreign currency translations are consistently applied;

(b)     in respect of circumstances when a year of assessment may be shorter or longer than 12 months; or

(c)     with respect to any matter necessary to administer this Act or the Royalty Act.

21      Short title and commencement

(1)     This Act is called the Mineral and Petroleum Resources Royalty (Administration) Act, 2008.

(2)      This Act comes into operation-

(a)     in respect of sections 1, 2, 3, 4, 7, 17, 18 and 20 on 1 November 2009; and

(b)     in respect of sections 5, 6, 8, 9, 10, 11, 12, 13, 14, 15, 16 and 19 on 1 March 2010.

[Section 21 substituted by section 66(1) of Act 18 of 2009 effective on 1 November, 2009 to the extent that it relates to paragraph (a); and effective on 1 March, 2010 to the extent that it relates to paragraph (b)]