Exchange Control Amnesty and Amendment of Taxation Laws Act, 2003 (Act No. 12 of 2003)Chapter I : Exchange Control Amnesty and accompanying tax measuresPart G : Miscellaneous30. Regulations |
| 1) | The Minister may make regulations for generally giving effect to the objects and purposes of this Chapter, including to address any unintended consequences, anomalies or incongruities that may arise with regard to – |
| a) | the application of these provisions to foreign assets held by a discretionary trust which is not a resident, as contemplated in section 4; |
| b) | foreign assets held by an applicant indirectly by way of shareholding in a company which is not a resident; |
| c) | the change in residence of any applicant or determination of residence of a discretionary trust contemplated in section 4; or |
| d) | the determination of the extent to which any foreign asset represents or was derived from – |
| i) | any unauthorised assets; or |
| ii) | any amount which was not declared to the Commissioner in terms of the Estate Duty Act, 1955, or the Income Tax Act, 1962, as contemplated in section 6, 7 or 8(c). |