National Environmental Management: Biodiversity Act, 2004 (Act No. 10 of 2004)

Regulations

Bio-prospecting, Access and Benefit-Sharing Regulations, 2008

Chapter 3 : Material Transfer Agreements, Benefit-Sharing Agreements and the Administration of the Bioprospecting Trust Fund

Part 1 : Agreeements

18. Duties of Permit-holder
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(1)The holder of a bioprospecting permit or an integrated export and bioprospecting permit must—
(a)notify the Director-General when money due to stakeholders as specified in the benefit‑sharing agreement will be transferred or paid into the Bioprospecting Trust Fund;
(b)notify stakeholders entitled to a monetary benefit in terms of a benefit‑sharing agreement that money was transferred or paid into the Bioprospecting Trust Fund.