Exchange Control Amnesty and Amendment of Taxation Laws Act, 200
R 385
National Environmental Management: Biodiversity Act, 2004 (Act No. 10 of 2004)RegulationsBio-prospecting, Access and Benefit-Sharing Regulations, 2008Chapter 3 : Material Transfer Agreements, Benefit-Sharing Agreements and the Administration of the Bioprospecting Trust FundPart 1 : Agreeements18. Duties of Permit-holder |
(1) | The holder of a bioprospecting permit or an integrated export and bioprospecting permit must— |
(a) | notify the Director-General when money due to stakeholders as specified in the benefit‑sharing agreement will be transferred or paid into the Bioprospecting Trust Fund; |
(b) | notify stakeholders entitled to a monetary benefit in terms of a benefit‑sharing agreement that money was transferred or paid into the Bioprospecting Trust Fund. |