Municipal Demarcation Act, 1998
R 385
Securities Transfer Tax Administration Act, 2007 (Act No.26 of 2007)Chapter 1 : Administration and Interpretation8. Interest on overdue payments and penalty on default recoverable from person to whom security is transferred |
| (1) | In the case of a listed security, a member or participant may recover the amount of interest or penalty payable by that member or participant under the Tax Administration Act from the person— |
| (a) | to whom a listed security is transferred; or |
| (b) | who cancels or redeems a listed security, |
to the extent that the action or inaction of that person resulted in the interest or penalty.
| (2) | In the case of an unlisted security, the company which issued that security may recover the amount of interest or penalty payable by that company under the Tax Administration Act from the person to whom that security was transferred, to the extent that the action or inaction of that person resulted in the interest or penalty. |
