South African Revenue Service Act, 1997 (Act No. 34 of 1997)

Schedule 2 : Transitional Provisions

Purchase

(1)	Immovable property of the state used by the Department immediately before the effective date remains at the disposal of SARS on terms and conditions as may be agreed on between SARS and the responsible Cabinet member.

(2)	All movable assets of the state which were used by or which were at the disposal of the Department immediately before the effective date, except those assets excluded by the Minister, become the property of SARS.

(3)	As from the effective date all contractual rights, obligations and liabilities of the Department are vested in SARS.