Files
| Attachment | Size |
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| act-88-1988.pdf | 2.22 MB |
88 of 1988
The Finance Act 88 of 1988 intends:
- to provide for the payment into the State Revenue Fund of certain amounts of money which represent credit balances in the Black Transport Services Account and the Coloured Transport Account, respectively;
- appropriate an amount of money for the Special Defence Account;
- charge the State Revenue Account with certain unauthorized expenditure iri respect of the financial years 1984-85 and 1985-86;
- amend the Land Bank Act, 1944 [repealed in 2002], so as to supplement the powers of the Land and Agricultural Bank of South Africa relating to the raising of funds;
- amend the South African Reserve Bank Act, 1944 [repealed in 1989], so as to empower the South African Reserve Bank to coin or cause coins to be coined and for that purpose to form companies or to acquire interests in existing companies;
- amend the Level Crossings Act, 1960 [repealed in 1993], so as to provide for an increase·in contributions towards the Level Crossings Elimination Fund;
- amend the South African Mint and Coinage Act, 1964 [repealed in 1989], so as to allow the transfer of the functions of the South African Mint to the South African Reserve Bank;
- amend the Railways and Harbours Pensions Act, 1971 [repealed in 1990], and the Railways and Harbours Pensions for Non-Whites Act, 1974 [repealed in 1990], so as to regulate tlte transferability of pension benefits of employees of the South African Transport Sehices who take service with the National Transport Corporation Limited established by section 2 of the National Transport Corporation Act, 1987 (South West Africa);
- amend the Exchequer and Audit Act, 1975, so as to provide for the conversion of a further portion of certain loans to the South African Transport Services into permanent capital and to bring the conditions of service of the Auditor-General relating to retirement into conformity with those of other heads of department; and
- amend the Finance and Financial Adjustments Acts Consolidation Act, 1977, so as to abolish the Deposit Fund for Housing; and
- to provide for matters connected therewith.
Commencement
- 13 July 1988
- 1 Apr 1990, Sections 7 to 14 (Gazette 12793 of 19 October 1990)
