Intellectual Property Rights from Publicly Financed Research and
R 385
Uncertificated Securities Tax Act, 1998 (Act No. 31 of 1998)12. Tax recoverable from person who acquires securities or any of the rights of entitlements in securities |
A member or participant, as the case may be, may recover the amount of the tax payable by such member or participant in terms of this Act, from the person who—
| (a) | acquires beneficial ownership in a security; or |
| (b) | cancels or redeems a security |
