Exchange Control Amnesty and Amendment of Taxation Laws Act, 2003 (Act No. 12 of 2003)

Chapter II : General Amendments to Taxation Laws

46. SA Reserve Bank Act, 1989 section 33

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Amendment of section 33 of Act 90 of 1989, as amended by section 3 of Act 39 of 1997.

 

Section 33 of the South African Reserve Bank Act, 1989, is hereby amended by the insertion after subsection (1) of the following subsection:

"1A)The provisions of subsection (1) shall not be construed as preventing any director, officer or employee of the Bank who is responsible for exercising any power or performing any function or duty under the Exchange Control Regulations, 1961, issued in terms of section 9 of the Currency and Exchanges Act, 1933 (Act No. 9 of 1933), from disclosing to the Commissioner for the South African Revenue Service any information as may be required for purposes of exercising any power or performing any function or duty in terms of any Act administered by the Commissioner."