National Small Business Act, 1996 (Act 102 of 1996)
R 385
National Environmental Management Act, 1998 (Act No. 107 of 1998)RegulationsFinancial Provisioning Regulations, 2015AppendicesAppendix 217. Termination of the Trust |
| 17.1 | The Trust may only be terminated after all the beneficiary’s Statutory Obligations in respect of all its mining operations at any time have been met to the satisfaction of the Minister of mineral resources. |
| 17.2 | Should any amount and/or other assets remain after all the Statutory Obligations in respect of all the beneficiary’s mining operations at any time have been met to the satisfaction of the Minister of mineral resources including remediation of latent or residual environmental impacts which may become known in the future, including the pumping and treatment of polluted mine water, those amounts and other assets should be transferred to a company, society, or other association of persons or a trust which fulfils the requirements of section 37A(3) of the Income Tax Act No 58 of 1962, as amended or replaced from time to time, provided such transfer has been approved by the Commissioner. |
