Act No. 54,2001 NATIONAL PARKS AMENDMENT fiCT, 2001

Act No. 54,2001

NATIONAL PARKS AMENDMENT ACT, 2001

7 December 2001

ACT

To amend the National Parks Act, 1976, so as to bring the South African National Parks within the ambit of the definition of "association not for gain" contained in section 1 of the Value-Added Tax Act, 1991; and to provide for matters connected there with.

BE IT ENACTED by the Parliament of the Republic of South Africa, as follows:-

Amendment of section 18 of Act 57 of 1976, as amended by section 10 of Act 43 of 1986 and section 8 of Act 52 of 1992

Section 18 of the National Parks Act,1976, is hereby amended by the insertion after subsection (2) of the following subsection:

"(2A) Upon the winding-up or liquidation of the board it shall donate or transfer its remaining assets, after the satisfaction of its liabilities, to some other society, association or organisation with objects similar to its own.".

Short title

This Act is called the National Parks Amendment Act, 2001.