Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Geoscience Act, 1993 (Act No. 100 of 1993)26. Transfer of certain assets and obligations to Council |
| (1) | Movable and immovable property— |
| (a) | belonging to the State; and |
| (b) | which immediately prior to the commencement of this Act was being utilized by the Geological Survey Branch of the Department of Mineral Resources; and |
[Subsection (1)(b) substituted by section 26(a) of Act No. 16 of 2010]
| (c) | which the Minister, with the concurrence of the Minister of Finance, and where applicable, the Minister of Public Works, may designate, |
[Subsection (1)(b) substituted by section 26(a) of Act No. 16 of 2010]
shall be deemed to have devolved upon the Council, as from the date of commencement of this Act, without any compensation being payable in respect thereof by the Council.
[Subsection (1) substituted by section 1(a) of Act No. 11 of 2003]
| (2) | The Registrar of Deeds concerned shall, at the request of the Council and on the submission of a certificate by the Minister that such immovable property has passed to the Council under this section, make the necessary endorsements in his registers and on the title deeds and other documents concerned to give effect to a transfer in terms of subsection (1). |
| (3) | No transfer duties, stamp duty, office fees or other fees shall be payable in respect of a registration contemplated in subsection (2). |
| (4) | As from the date of commencement of this Act all rights and obligations of the State in respect of the aforesaid Geological Survey Branch shall, subject to the provisions of this Act, be deemed to have passed to the Council and any reference in any law or document to the said Geological Survey Branch shall be construed as a reference to the Council. |
[Subsection (4) substituted by section 1(b) of Act No. 11 of 2003]
| (5) | The Council may, with the approval of the Minister, granted with the concurrence of the Minister of Finance and the Minister of Public Works, alienate immovable property that has passed to the Council in terms of subsection (1). |
[Subsection (5) substituted by section 26(b) of Act No. 16 of 2010]
