Exchange Control Amnesty and Amendment of Taxation Laws Act, 2003 (Act No. 12 of 2003)Chapter I : Exchange Control Amnesty and accompanying tax measuresPart C : Exchange Control Relief in terms of Amnesty14. Exchange Control Relief |
| 1) | An applicant with approval in terms of section 9(1) is deemed not to have contravened the Exchange Control Regulations in respect of – |
| a) | so much of the market value of any foreign assets disclosed in terms of section 6(1), and |
| b) | all other foreign assets which are no longer held by that applicant as at 28 February 2003, otherwise than as a result of a donation of that foreign asset by that applicant. |
| 2) | A facilitator with approval in term of section 9(4) is deemed not to have contravened the Exchange Control Regulations in respect of' any foreign asset contemplated in subsection (1) of an applicant in relation to that facilitator. |