Uncertificated Securities Tax Act, 1998 (Act No. 31 of 1998)

12. Tax recoverable from person who acquires securities or any of the rights of entitlements in securities
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A member or participant, as the case may be, may recover the amount of the tax payable by such member or participant in terms of this Act, from the person who—

(a)acquires beneficial ownership in a security; or
(b)cancels or redeems a security