TAX RESERVE CERTIFICATES ACT.
ARRANGEMENT OF SECTIONS
Section
4. Registration of purchase and transfer.
5. Satisfaction of tax by certificates.
7. Certificates not normally transferable.
9. Redemption by registered holder.
10. Redemption by Commissioner General.
11. Issue of duplicate certificates.
12. Surrender for other certificates.
15. Devolution of powers and duties of Secretary to the Treasury.
16. Certificate deemed to be a cheque.
17. No duty payable on transfer of certificate.
18. Saving in respect of acts done bona fide.
CHAPTER 347
TAX RESERVE CERTIFICATES ACT.
Commencement: 27 June, 1957.
An Act to provide for the issue of tax reserve certificates, for the satisfaction of liability for tax therewith, and for other matters incidental thereto and connected therewith.
In this Act, unless the context otherwise requires—
(a) "certificate" means a tax reserve certificate issued under section 2 and includes a duplicate of it issued under section 11;
(b) "Commissioner General" means the Commissioner General of Income Tax and any person empowered by law to exercise the powers of the Commissioner General;
(c) "registered holder" means the person registered as the holder of the certificate under section 4;
(d) "Secretary to the Treasury", in relation to any power or duty to be exercised or performed under this Act, includes any person to whom that power or duty has been delegated under section 15;
(e) "tax" means income tax and surtax.
The Secretary to the Treasury may issue tax reserve certificates which shall be in such form and of such
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