Agricultural Research Second Amendment Act 174 of 1993

Agricultural Research Second Amendment Act, 1993 (No. 174 of 1993)

GENERAL EXPLANATORY NOTE:
__ Words underlined with a solid line indicate insertions in existing enactments.

Act

• to amend the Agricultural Research Act, 1990, so as
• to define a certain expression; and
• to authorize the Agricultural Research Council to create trusts for the administration of certain donations, contributions and amounts;
• to validate the acquisition of certain immovable property; and
• to provide for matters connected therewith.

(Afrikaans text signed by the Acting State President.)
(Assented to 8 December 1993.)

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

Amendment of section 1 of Act 86 of 1990

1. Section 1 of the Agricultural Research Act, 1990 (hereinafter referred to as the principal Act), is hereby amended by the addition of the following definition:

" 'trust' means a trust as contemplated in the Trust Property Control Act, 1988 (Act No. 57 of 1988).".

Amendment of section 4 of Act 86 of 1990, as amended by section 1 of Act 12 of 1993

2. Section 4 of the principal Act is hereby amended by the deletion in paragraph (m) of subsection (1) of the word "and" at the end of subparagraph (ii), the addition of the word "and" at the end of subparagraph (iii), and the addition to the said paragraph of the following subparagraph:

"(iv) on its own, or in association with any person, create a trust for the administration of the donations, contributions and amounts referred to in section 20(5)(c) ;".

Amendment of section 20 of Act 86 of 1990

3. Section 20 of the principal Act is hereby amended by the addition to subsection (5) of the following paragraph:

"(c) The ARC may pay over to a trust contemplated in section 4(1)(m)(iv) only-

(i) donations or contributions contemplated in subsection (l)(g) that are subject to conditions; and

(ii) amounts in reserve funds established under section 27(3)(b).".

Validation of acquisition of certain property by Agricultural Research Council

4. The acquisition by the Agricultural Research Council of the property known as Remaining Extent of Portion 67 (a portion of Portion 13) of the farm Naauwpoort 335, Registration Division JS Transvaal, held by Deed of Transfer T115057/92, registered in favour of the Agricultural Research Council, is hereby validated, with effect from the date on which the said property was acquired, in so far as it is invalid by reason of the absence of the approval of the Minister of Agriculture, or the concurrence of the Minister of Finance, as required in section 4(1)(m) of the Agricultural Research Act, 1990 (Act No. 86 of 1990).

Short title

5. This Act shall be called the Agricultural Research Second Amendment Act, 1993.

Commencement

17 December 1993