Special Economic Zones Act, 2014 (Act No. 16 of 2014)Chapter 6 : Special Economic Zone Operator37. Transfer of Special Economic Zone operator permit |
| (1) | An operator may, subject to section 31(1), transfer an operator permit to another person, if such other person— |
| (a) | applies to the Minister for a transfer in terms of the provisions of this section; and |
| (b) | satisfies the requirements for an operator permit in terms of this Chapter. |
| (2) | The transferee must in its application clearly stipulate any changes to the original development, business and operating plan of the Special Economic Zone in question. |
| (3) | The Minister may, after considering the recommendations of the Advisory Board, transfer an operator permit from one operator to another. |
| (4) | Upon the transfer of an operator permit, the new operator must comply with all the obligations placed on an operator in terms of this Act, and the new operator has all the rights and obligations conferred or imposed on the operator in terms of this Act and the operator permit in question. |
| (5) | The Minister may make regulations regarding— |
| (a) | the procedure to transfer an operator permit; and |
| (b) | any other matter necessary in order to ensure the effective transfer of an operator permit. |