Petroleum Products Act, 1977 (Act No 120 of 1977)

Regulations

Regulations Regarding the Use of Payment Cards to Purchase Petroleum Products at a Retail Site

1. Definitions

Purchase

In these Regulations, any word or expression to which a meaning has been assigned in the Act has the meaning so assigned and, unless the context otherwise indicates—

"benefit"

means

(a)	any money, article, service or concession having a commercial value; or

(b)	anything whatsoever which, either by itself or in conjunction with any other thing or with the performance of any act, entitles or purports to entitle the recipient thereof to receive such money, article, service or concession, or to participate in any competition;

"cash"

means South African bank notes and coins;

"cost of cash"

means the total cost of cash sales per hundred South African Rand (R100.00) of petroleum products;

"payment card"

means a card issued with the purpose of effecting payment for goods or services and includes debit card, credit card, cheque card, fleet card, garage card or petrol card, whether issued under a three party or four party scheme or specifically for the purpose of enabling payment for purchase of petrol or diesel;

"petroleum products"

means, in these Regulations, petrol and diesel;

"statutory body"

means any board, fund, institute, company, corporation or other organisation established or constituted by or under any law, in terms of which the accounts of the board, fund, institute, company, corporation or other organisation are audited by the Auditor-General;

"the Act"

means the Petroleum Products Act, 1977 (Act No. 120 of 1977).