STT Act definition

STT Act means the Securities Transfer Tax Act 25 of 2007;
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STT Act means The Securities Transfer Act, No. 25 of 2007, as amended;
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STT Act means the Securities Transfer Tax Act, 2007 (Act No.25 of 2007);“terminating transaction”means a purchase of equity securities which have not subsequently been sold or a sale of equity securities which have not subsequently been purchased;‘trade cancellation”means the cancellation of an on book or off book trade on the same business day or the next business day;“trading services”means the execution of transactions in equity securities by a member –(a) for the member’s own account; and(b) with or on behalf of a client;“trading services provider”means a member which has been authorised by the JSE to perform trading services in terms of the rules;“transaction”has the same meaning as that contained in section 1 of the Act;“TSP”means a trading services provider;“uncertificated equity securities” “uncertificated securities register”means equity securities that are not evidenced by a certificate and are transferable by book entry without a certificate;has the same meaning as that contained in section 1 of the Act;“uncommitted settlement”means a settlement obligation for which a CSDP has not provided a settlement undertaking;“Unrestricted and security restricted stock account”means a stock account for transactions or positions in equity securities, where the member acquires or sells equity securities for the member’s own account and where the member either has the freedom to acquire or dispose of such equity securities without being subject to any restriction placed on the member by any other person, or where a restriction is placed on the member in respect of the disposal of such equity securities by-(a) a lender of cash or another creditor, to whom the equity securities are pledged or ceded as security for the money lent or other debt, and where interest on the loan or other debt is charged at a rate which is unrelated to any changes in the value of the equity securities; or(b) a lender of securities to whom the equity securities are pledged or ceded as security for fulfilment of the member’s obligations in terms of a “lending arrangement” as defined in the STT Act, and where the fee charged by the lender is unrelated to any changes in the value of the equity securities; or(c) a person to whom the equity securities are pledged or ceded as security for the fulfilment of the member’s obligations in respect of the purchase or sale of other securities, and where the benefits of the rights attaching to the equity securities remain with the member and are not directly...
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Examples of STT Act in a sentence

  • However, in terms of the STT Act, the CSDP of the relevant Shareholder is entitled to recover the amount of STT payable from Trencor as the person to whom Fractional Shares are transferred.

  • This summary is based on the current provisions of the South African Income Tax Act, the South African STT Act and the prevailing practice adopted by the South African Revenue Service published in writing prior to the date hereof.

  • In order to ensure that South Africa upholds the intention of these international agreements, it is proposed that changes be made in the STT Act to make provision for this immunity from taxation.

  • This implies that the provision for exemption from taxation of any kind and description granted to the international organisation in terms of the above-mentioned international agreement will be nullified by the provisions of section 10 of the STT Act.

  • Evaluating the Impact of the New Labor Contracts From a strictly theoretical standpoint, the model presented above cannot evaluate the CNE labor reform’s impact on employment and unemployment.

  • STT will be payable on the transfer of any Unbundling Shares (including Fractional Shares) to Shareholders pursuant to the Unbundling in terms of the STT Act.

  • However, in terms of the STT Act, the CSDP of the relevant Shareholder is entitled to recover the amount of STT payable from the Shareholder to whom Unbundling Shares are distributed pursuant to the Unbundling.

  • This summary does not consider legislative proposals to amend the South African Income Tax Act or the South African STT Act.

  • However, in terms of the STT Act the CSDP of the relevant Shareholder is entitled to recover the amount of STT payable to SARS from Trencor, being the person to whom the Repurchase Shares are transferred pursuant to the Share Repurchase.

  • For example, the current provisions of section 10 of STT Act provide that no exemption provided for by any other law will apply to the tax payable under the STT Act.


More Definitions of STT Act

STT Act. Securities Transfer Tax Act, 25 of 2007;
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STT Act means the Securities Transfer Tax Act, 25 of 2007, as amended, supplemented or substituted from time to time.
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STT Act means the Securities Transfer Tax Act, 2007 (Act No. 25 of 2007), as amended from time to time;
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STT Act means the Securities Transfer Tax Act, 2007 (Act No.25 of 2007); “terminating transaction” means a purchase of equity securities which have not subsequently been sold or a sale of equity securities which have not subsequently been purchased; ‘trade cancellation” means the cancellation of an on book or off book trade on the same business day or the next business day; “trading services” means the execution of transactions in equity securities by a member –(a) for the member’s own account; and(b) with or on behalf of a client; “trading services provider” means a member which has been authorised by the JSE to perform trading services in terms of the rules; “transaction” has the same meaning as that contained in section 1 of the Act; “TSP” means a trading services provider; “uncertificated equity securities”
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Related to STT Act

  • IT Act means the Income Tax Act, 1961;

  • VAT Act means the Value Added Tax Act, No 89 of 1991, as may be amended from time to time.

  • FILOT Act means Title 12, Chapter 44, of the Code, and all future acts successor or supplemental thereto or amendatory thereof.

  • ECT Act means the Electronic Communications and Transaction Act No 25 of 2002, as amended;

  • Corrupt Act means any offence in respect of corruption or corrupt activities contemplated in the Prevention and Combating of Corrupt Activities Act No. 12 of 2004;

  • FW Act means the Fair Work Act 2009, as amended from time to time.

  • the 1998 Act (“Deddf 1998”) means the Teaching and Higher Education Act 1998;

  • the 1991 Act means the Water Industry Act 1991(a);

  • the 1996 Act means the Education Act 1996;

  • the 1981 Act which means the Compulsory Purchase (Vesting Declarations) Act 1981.

  • Violent act means behavior that resulted in homicide,

  • FOI Act means the Freedom of Information Act 2000 and any subordinate legislation made under that Act or any code issued pursuant to sections 45 or 46 of that Act or any guidance issued by the Information Commissioner;

  • Data Protection Act means Act CXII of 2011 on Informational Self-Determination and Freedom of Information.

  • the 1992 Act means the Local Government Finance Act 1992;

  • the 1972 Act means the Local Government Act 1972.

  • the 1988 Act means the Local Government Finance Act 1988.

  • PBR Act means the Plant Breeder’s Rights Xxx 0000 (Cth) as amended from time to time.

  • the 1961 Act means the Land Compensation Act 1961(d); “the 1965 Act” means the Compulsory Purchase Act 1965(e); “the 1980 Act” means the Highways Act 1980(f);

  • FMC Act means the Financial Markets Conduct Act 2013.

  • the 1974 Act means the Health and Safety at Work etc. Act 1974;

  • the 1999 Act means the Greater London Authority Act 1999;

  • the 1977 Act means the National Health Service Act 1977;

  • the 1997 Act means the Town and Country Planning (Scotland) Act 1997 (c. 8);

  • the 1985 Act means the Companies Act 1985;

  • the 1990 Act means the Town and Country Planning Act 1990;

  • HITECH Act means the Health Information Technology for Economic and Clinical Health Act, TitleXIII, Subtitle D, Part 1 & 2 of the American Recovery and Reinvestment Act of 2009.