Mineral and Petroleum Resources Royalty Act, 2008 (Act No. 28 of 2008)8A. Rollover relief for transfers between extractors |
| (1) | An extractor that transfers a mineral resource to another extractor is exempt from the royalty in respect of the transfer of that mineral resource if— |
| (a) | the mineral resource is transferred between extractors that are registered in terms of the Administration Act; and |
| (b) | both extractors agree in writing that this section applies to that transfer. |
| (2) | An extractor to whom a mineral resource is transferred under subsection (1) must be treated as the person that wins or recovers the mineral resource. |
| (3) | This section does not apply to a transfer of a mineral resource from an extractor that is registered in terms of section 2(1)(c) of the Administration Act. |