In this Part, unless the context indicates otherwise, the following terms, if in single quotation marks, have the following meanings—

"dispute"

means a disagreement on the interpretation of either the relevant facts involved or the law applicable thereto, or of both the facts and the law, which arises pursuant to the issue of an assessment or the making of a "decision"; and

"settle"

means to resolve a "dispute" by compromising a disputed liability, otherwise than by way of either SARS or the person concerned accepting the other party's interpretation of the facts or the law applicable to those facts or of both the facts and the law, and "settlement" must be construed accordingly.

[Definition substituted by section 63 of the Tax Administration Laws Amendment Act, 2012 (Act No. 21 of 2012)]