Taxonomies
South Africa
Inherited Debt Relief Act, 1998
Act 54 of 1998
- Published in Government Gazette 19278 on 23 September 1998
- Assented to on 15 September 1998
- Commenced on 23 September 1998
- [This is the version of this document from 23 September 1998.]
1. Definitions
In this Act, except if inconsistent with the context—“affected province” means any one of the following provinces, namely—(a)Eastern Cape;(b)Mpumalanga;(c)North West; and(d)Northern Province;“former homeland” means the former—(a)Republic of Transkei, Bophuthatswana, Venda or Ciskei; or(b)self-governing territory of Gazankulu, Kangwane, Kwandebele or Lebowa; and“inherited debt” means the liabilities incurred on behalf of any former homeland, which—(a)in terms of section 239(3) of the Constitution of the Republic of South Africa, 1993 (Act No. 200 of 1993), or by virtue of any allocation made in terms of that section, had devolved upon an affected province;(b)was still outstanding on 31 March 1995; and(c)is represented by the amount as specified in column 2 of the Schedule to this Act opposite the name of the affected province concerned (which is specified in column 1 of that Schedule).2. Minister of Finance may borrow money to discharge affected provinces’ inherited debts and compensate them for partial repayment
3. Short title
This Act is called the Inherited Debt Relief Act, 1998.History of this document
23 September 1998 this version
Commenced
15 September 1998
Assented to
Cited documents 1
Legislation 1
1. | Constitution of the Republic of South Africa, 1996 | 4595 citations |