Exchange Control Amnesty and Amendment of Taxation Laws Act, 2003 (Act No. 12 of 2003)Chapter II : General Amendments to Taxation Laws42. Stamp Duties Act, 1968 section 1 |
Amendment of section 1 of Act 77 of 1968, as amended by section 16 of Act 103 of 1969, section 5 of Act 66 of 1973, section 7 of Act 88 of 1974, section 19 of Act 106 of 1980, section 3 of Act 118 of 1984, section 17 of Act 87 of 1988, section 36 of Act 9 of 1989, section 3 of Act 69 of 1989, section 5 of Act 136 of 1991, section 4 of Act 20 of 1994, section 77 of Act 30 of 1998, section 74 of Act 53 of 1999, section 40 of Act 5 of 2001, section 54 of Act 19 of 2001 and section 141 of Act 60 of 2001.
| 1) | Section 1 of the Stamp Duties Act, 1968 is hereby amended - |
| "a) | by the substitution for the definition of "fixed deposit" of the following definition: ''fixed deposit" means a negotiable certificate of deposit’; and |
| b) | by the deletion of the definition of "policy of life insurance". |
| 2) | Subsection (1) shall be deemed to have come into operation on 1 April 2003. |