Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Water Services Act, 1997 (Act No. 108 of 1997)Chapter VII : Water Services Committees60. Assets and liabilities upon disestablishment |
| (1) | Upon the disestablishment of a water services committee— |
| (a) | its assets and liabilities vest in the Minister; |
| (b) | the Minister must wind up its affairs; and |
| (c) | the Minister must assume the functions of the water services committee for the period of winding up. |
| (2) | The Minister may, after the disestablishment of a water services committee, transfer any of its assets to the water services authority or a water board having jurisdiction in the area. |
| (3) | Subject to the approval of the Minister of Finance, no transfer duty, other tax or duty is payable in respect of the transfer of any assets— |
| (a) | from a water services committee to the Minister; or |
| (b) | from the Minister to a water services authority or a water board. |
