Public Service Commission Act, 1997
R 385
Income Tax Act, 1962 (Act No. 58 of 1962)RegulationsRegulations in terms of section 12T(8) of the Income Tax Act, 1962, on the requirements for Tax Free InvestmentPart IV : Withdrawal and transfer9D. Disqualification of service provider in respect of transfers |
A product provider that is unable to transfer any amount in respect of a tax free investment to another product provider after receipt of an instruction by an investor to transfer that amount—
| (a) | may not accept any further amount in respect of any tax free investment administered by that product provider; and |
| (b) | many not administer any tax free investment other than a tax free investment administered before the date on which that product provider is unable to transfer that amount. |
[Regulation 9D inserted by regulation 7 of Notice No. R. 309, GG 40758, dated 31 March 2017]
