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Precious Metals Act, 2005 (Act No. 37 of 2005)

Precious Metals Regulations

14. Terms and conditions of jeweller’s permit

 

 

(1) Subject to such terms and conditions as may be stipulated on a permit, the holder of a jeweller's permit may do the following:
(a) Buy or receive semi-fabricated precious metal in any form from any person authorized under the Act to sell, deal in or dispose of semi-fabricated precious metals;
(b) change the form of, or in any manner add value to, semi-fabricated precious metal in his or her possession; and
(c) dispose of any semi-fabricated precious metal in his or her possession.

 

(2) Subject to such terms and conditions as may be stipulated on a permit, the holder of a jeweller's permit must do the following:
(a) keep proper books of accounts in accordance with generally accepted accounting practice, as well as records of the total quantities of metals purchased and sold;

[Paragraph (a) amended by regulation 3(a) of Notice No. R.387 dated 4 April 2008]

(aA) complete and submit to the Regulator form PMR 4 contemplated in Regulation 33 every six calendar months not later than fifteen days after the end of every six calendar months;

[Paragraph (aA) amended by regulation 2 of Notice No. R.737 dated 22 September 2014]

(b) conduct any activity authorized by the licence on the premises or at the place described on the licence or described on any endorsement of that licence in terms of section 9(10) of the Act.