AI-assisted research summary: The Trust is abolished from the fixed date, its assets and obligations vest in the State, and the registrar of deeds must make the register entries needed to give effect to that vesting.
2. The Trust is abolished with effect from the fixed date. Vesting and transfer of assets, liabilities, rights and obligations of Trust 3. (1) (a) Despite any provision to the contrary in any law, all assets, liabilities, rights 15 and obligations of the Trust will vest in the State. (b) The right to minerals held by the Trust in terms of any law, including any obligations of the Trust relating to such right to minerals, will vest in the State, subject to paragraph (c). (c) The Minister may, on application by any person who claims any right to minerals referred to in paragraph (b), grant such right to the person concerned if such person produces proof of ownership of such right to minerals as prescribed in terms of section 5. (2) (a) The relevant registrar of deeds must, as provided for in terms of the Deeds Registries Act, 1937 (Act No. 47 of 1937), make the necessary entries and endorsements in the register in order to give effect to such vesting as contemplated in subsection (1). (b) No transfer duty or stamp duty is payable in respect of such transfer, entry or 20 25 endorsement. Transfer and handling of staff 4. (1) (a) Despite any provision to the contrary in any law, the Minister must, in 30 respect of every person in the employ of the Trust on the fixed date, either— X() 218s5 4 — — — .——— /\ct N(). 67. 2(100” 4BOI-,ITIC)N OF LEt30\V.4 MINERAI. TRUST ACT. 2000” GC)VERNMENT G,4ZETTE. 13 DECENI13ER XI()() (1) transfer SLICh person to a post in (he public service, sLtbject to subsection (~): (ii) (rmsfer such person to any other body established by or under any law and approved by the Minister, subject to subsection (4): or (iii ) deal with such person subject [o the Labour Relations Act, 1995 (Act No. 66 of 1995). with efiect from the fixed date. 5 (b) The Minister may only transfer a person as contemplated in paragraph (a)(i) and (ii) with that person’s consent. (~) A person transferred to a post in the public service in terms of subsection ( 1 )(a)(i). is appointed on a salary appro!ed for such post and on the conditions applying to the 10 appointment and service of officers in the public service but— (a) vacation leave standing tothecredit ofany person with the’rrus tstandst ohis or her credit in the public service; (b) pensionable service performed byanyperson intheservice of the Trust and pensionable service recognised bythe Tmstisregarded aspensionable service 15 performed by him or her in the public service; (c) a person does not as a consequence of such appointment acquire a retirement age, that is less favorable than that which applied to him or her in the service of the Trust. (3) Any disciplinary proceedings instituted against such person in respect of alleged 20 misconduct, committed before the date of his or her transfer, must be finalised in accordance with the rules applicable to employees of the Trust. (4) (a) A person transferred in terms of subsection (l )(a)(ii) must be appointed on a salary approved by such body and on the conditions applicable to the appointment and service of employees with such body, subject to subsection (3), 25 (b) The provisions of subsection (2) apply with the necessary changes to a person transferred in terms of subsection (l)(a) (ii). Regulations
Referenced legislation
- Deeds Registries Act, 1937 (Act No. 47 of 1937), (unresolved)
- Labour Relations Act, 1995 (unresolved)