South Africa Act or statute

Parliament of the Republic of South Africa

Post Office Amendment Act, 1995

account openingaccountsamendmentBanking and financedefinitionsissuance of financial instrumentsoverdraft control

Jurisdiction: South Africa
Structure: 5 provisions
Citation: Act 35 of 1995
Dates: updated 21 Jul 1995

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Dates: updated 21 Jul 1995

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Purpose and legislative effect

“This section amends the Post Office Act by replacing the definition of “Bank.””

This section amends the Post Office Act by replacing the definition of “Bank.” This section says a new version will replace section 12P of the principal Act, titled “Opening of bank accounts.” An account may not be opened for the department without the Postmaster General’s written approval, and the Bank must not allow the account to be overdrawn, subject to section 12M. Financial instruments covered by subsection (1) may be issued only with the Minister’s approval. This section states the Act’s short title: the Post Office Amendment Act, 1995.

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updated 21 Jul 1995. The date shown identifies this source expression and should not be treated as proof that no later change exists.
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Section 1 of the Post Office Act, 1958 (hereinafter referred to as the principal

This section amends the Post Office Act by replacing the definition of “Bank.”

Section 1

The following section is hereby substituted for section 12P of the principal

This section says a new version will replace section 12P of the principal Act, titled “Opening of bank accounts.”

Section 2

No account shall be opened on behalf of the department at the

An account may not be opened for the department without the Postmaster General’s written approval, and the Bank must not allow the account to be overdrawn, subject to section 12M.

Section 12P

Section 12W of the principal Act is hereby amended by the substitution for

Financial instruments covered by subsection (1) may be issued only with the Minister’s approval.

Section 3

This Act shall be called the Post Office Amendment Act, 1995.

This section states the Act’s short title: the Post Office Amendment Act, 1995.

Section 4

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Source record from www.parliament.gov.za · updated 21 Jul 1995

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Showing 5 of 5 provisions

Substitution 2Short title 2Amendment

§ 1Section 1 of the Post Office Act, 1958 (hereinafter referred to as the principalSubstitution

This section amends the Post Office Act by replacing the definition of “Bank.”

1. Section 1 of the Post Office Act, 1958 (hereinafter referred to as the principal Act), is hereby amended by the substitution for the definition of "Bank" of the · following definition: " 'Bank' means the South African Reserve Bank referred to in the definition of 10 'Bank' in section 1 of the South African Reserve Bank Act, 1989 (Act No. 90 of 1989), or any other bank as defined in section 1 of the Banks Act, 1990 (Act No. 94 of 1990);". Substitution of section 12P of Act 44 of 1958, as inserted by section 5 of Act 113 of 1976 . 15

Section 1Verify source

§ 2The following section is hereby substituted for section 12P of the principalSubstitution

This section says a new version will replace section 12P of the principal Act, titled “Opening of bank accounts.”

2. The following section is hereby substituted for section 12P of the principal Act: "OpeniJ:lg of bank accounts ·

Section 2Verify source

§ 12PNo account shall be opened on behalf of the department at theAmendment

An account may not be opened for the department without the Postmaster General’s written approval, and the Bank must not allow the account to be overdrawn, subject to section 12M.

12P. No account shall be opened on behalf of the department at the Bank. [or: any other bank] without. the. written· approval of· the , 20 Postmaster General, and, subject to the provisions of section 12M, the Bank [or the bank concerned, as the case may be] shall not allow such an account to be overdrawn.". 4 No. 16557 Act No. 35, 1995 GOVERNMENT GAZETTE, 21 JULY 1995 POST OFFICE AMENDMENT ACT, 1995 Amendment of section 12W of Act 44 of 1958, as inserted by section 10 of Act 101 ofl992 ' .

Section 12PVerify source

§ 3Section 12W of the principal Act is hereby amended by the substitution forShort title

Financial instruments covered by subsection (1) may be issued only with the Minister’s approval.

3. Section 12W of the principal Act is hereby amended by the substitution for . subsection (2) of the following subsection: . . . ... "(2) Financial instruments referred to in subsection (1) shall only be 5 issued with the approval of the Minister [with the concurrence of the Minister of Finance, and after a guarantee in terms of section 35 of the Exchequer Act, 1975 (Act No. 66 of 1975), has been obtained in respect thereof].". · · Short title 10

Section 3Verify source

§ 4This Act shall be called the Post Office Amendment Act, 1995.Short title

This section states the Act’s short title: the Post Office Amendment Act, 1995.

4. This Act shall be called the Post Office Amendment Act, 1995.

Section 4Verify source

Legislative relationships

2 referenced instruments

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A–F

1 instrument

Exchequer Act, 1975
Section 3

N–S

1 instrument

Post Office Act, 1958
Section 1

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