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South Africa
NATIONAL LEGISLATION OVERVIEWS
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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

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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