| (1) |
The Office, without being restricted by financial controls, regulations or moratoria of any kind other than such restrictions occasioned by South Africa's reservation to Article III, Section 7 of the Convention, may— |
| (a) |
hold funds or currency of any kind and operate accounts in any currency; and |
| (b) |
freely transfer its fiends or currency from one country to another or within any country and convert any currency held by it into any other currency; |
provided that such funds or currency originate from non resident sources.
| (2) |
The Office, its assets, income and other property shall be exempt from— |
| (a) |
all direct and indirect taxes; |
| (b) |
customs duties and prohibitions and restrictions on imports and exports in respect of articles imported or exported by the Office for its official use; and |
| (c) |
duties and prohibitions and restrictions on imports and exports in respect of its publications. |
| (3) |
The Fund shall not claim exemption from taxes which are, in fact, no more than charges for public utility services. |
| (4) |
Where articles were imported or assets were acquired under exemption, such articles or assets shall not be sold in the Republic of South Africa except under those conditions agreed to with the Government. |
Contingency Fees Act, 1997
