Petroleum Products Act, 1977 (Act No. 120 of 1997) Regulations Regulations regarding Petroleum Products Site and Retail Licences 1. Definitions

 

In these Regulations any word or expression to which a meaning has been assigned in the Act shall have the meaning so assigned and unless the context indicates otherwise—

 

"certified copy"

means a photocopy of an original document that has been—

 

"competent authority or person"

means the relevant authority or person in terms of the applicable law;

 

"Controller"

means the Controller of Petroleum Products contemplated in Section 3(1) of the Act;

 

"declaration"

means an affidavit, affirmation or solemn or attested declaration made before and signed in front of a commissioner of oaths contemplated in the Justices of the Peace and Commissioners of Oaths Act, 1963 (Act No. 16 of 1963);

 

"net present value"

means a generally accepted method used to determine economic viability by considering future streams of revenues and costs of a business activity discounted into equivalent present values;

 

"permit holder"

means any person who has written permission contemplated in section 2A(4)(b) of the Act to develop a site on publicly owned land;

 

"petroleum products"

means, in these Regulations, liquefied petroleum gas used for the propulsion of vehicles, petrol and diesel;

 

"site licence"

means a licence issued to a person who holds land or has permission from the owner of the land to develop a site for the purpose of retailing petroleum products;

 

"temporary Iicence"

means a licence issued in terms of section 2B(5) of the Act;

 

"the Act"

means the Petroleum Products Act, 1977 (Act No. 120 of 1977), as amended;

 

"the Amendment Acts"

means the Petroleum Products Amendment Act, 2003 (Act No. 58 of 2003), and the Petroleum Products Amendment Act, 2005 (Act No. 2 of 2005);

 

"training"

means learnerships contemplated in Section 16 of the Skills Development Act, $998 (Act No. 97 of 1998) and "trained" has a corresponding meaning.