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South
Africa
NATIONAL LEGISLATION OVERVIEWS
NATIONAL LEGISLATION OVERVIEWS
Diamonds Second Amendment
Act,
No. 30 of 2005
Long title
To amend the Diamonds Act, 1986, so as to define certain expressions; to prohibit assistance to licensees by non-licensed persons at any place where unpolished diamonds are offered for sale; to provide anew for the kinds of licences that may be issued by the South African Diamond and Precious Metals Regulator; to provide for the issue of temporary diamond buyers' permits and certificates which entitle holders thereof to be in possession of unpolished diamonds under certain circumstances; to make fresh provision for the premises on which unpolished diamonds may be dealt in; to require that unpolished diamonds intended for export purposes must first be offered at a diamond exchange and export centre; to extend the powers of the Regulator and of the State Diamond Trader; to require diamond producers to offer a percentage of all diamonds produced in a production cycle to the State Diamond Trader; to require a licensee to retain a register in respect of unpolished diamonds for five years and not only two years; and to repeal certain obsolete provisions; and to provide for matters connected therewith.
Table of contents
Legislation Text Access Point
Long title
To amend the Diamonds Act, 1986, so as to define certain expressions; to prohibit assistance to licensees by non-licensed persons at any place where unpolished diamonds are offered for sale; to provide anew for the kinds of licences that may be issued by the South African Diamond and Precious Metals Regulator; to provide for the issue of temporary diamond buyers' permits and certificates which entitle holders thereof to be in possession of unpolished diamonds under certain circumstances; to make fresh provision for the premises on which unpolished diamonds may be dealt in; to require that unpolished diamonds intended for export purposes must first be offered at a diamond exchange and export centre; to extend the powers of the Regulator and of the State Diamond Trader; to require diamond producers to offer a percentage of all diamonds produced in a production cycle to the State Diamond Trader; to require a licensee to retain a register in respect of unpolished diamonds for five years and not only two years; and to repeal certain obsolete provisions; and to provide for matters connected therewith.
Table of contents
| SECTION | TITLE |
| 1. | Amendment of section 1 of Act 56 of 1986... |
| 2. | Substitution of section 19 of Act 56 of 1986 |
| 3. | Substitution of section 20 of Act 56 of 1986 |
| 4. | Insertion of section 20A in Act 56 of 1986 |
| 5. | Substitution of section 22 of Act 56 of 1986 |
| 6. | Substitution of section 23 of Act 56 of 1986 |
| 7. | Substitution section 24 of Act 56 of 1986 |
| 8. | Substitution of section 26 of Act 56 of 1986 |
| 9. | Substitution of section 32 of Act 56 of 1986 |
| 10. | Substitution of section 44 of Act 56 of 1986 |
| 11. | Amendment of section 45 of Act 56 of 1986 |
| 12. | Amendment of section 46 of Act 56 of 1986 |
| 13. | Substitution of section 48 of Act 56 of 1986 |
| 14. | Insertion of section 48A in Act 56 of 1986 |
| 15. | Substitution of section 50 of Act 56 of 1986 |
| 16. | Amendment of section 57 of Act 56 of 1986 |
| 17. | Substitution of section 59 of Act 56 of 1986 |
| 18. | Substitution of section 74 of Act 56 of 1986 |
| 19. | Substitution of Arrangement of Sections of Act 56 of 1986 |
| 20. | Substitution of long title of Act 56 of 1986 |
| 21. | Short title |
| 74A. | Relief for certificated purchases [...inserted by Act 2007_014_019 Sch. Note: Please see commentary on Act.]** |
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