Collective Investment Schemes Control Bill: adoption; South African Revenue Services Bill: briefing

NCOP Finance

14 October 2002
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Meeting report

FINANCE SELECT COMMITTEE

FINANCE SELECT COMMITTEE
15 October 2002
COLLECTIVE INVESTMENT SCHEMES CONTROL BILL: ADOPTION; SOUTH AFRICAN REVENUE SERVICES BILL: BRIEFING

Chair: Ms D Mahlangu (ANC)

Documents Handed Out:

Collective Investment Schemes Control Bill [B28B-2002]
South African Revenue Service Amendment Bill [B36 - 2002]

Briefing on SARS Bill

South African Revenue Service Amendment Bill
Mr Kosie Louw (Director of Tax and Legal Services: SARS) took the Committee through a briefing on the Bill (see document).

Discussion

Mr Lucas (ANC) asked Mr Louw to comment on the role of Parliament in the process of making recommendations for the appointment of the SARS Commissioner.

Mr Louw replied that at present, it is the Minister's role to appoint the Commissioner. In this instance there is no role for Parliament. But there would be broad oversight by Parliament.

Mr Theron (DP) asked if SARS would have more teeth in order to prevent people "from getting away with murder".

Mr Louw replied that there are still difficulties pertaining to criminal prosecution. Arrangements had been made and the problem is being dealt with.

Mr Kolweni (ANC) asked within which bargaining council did SARS fall.

Mr Louw replied that it was the SARS Bargaining Council and that SARS did not prevent any member from joining a union.

Collective Investment Schemes Control Bill

The Select Committee on Finance agreed to the Collective Investment Schemes Control Bill [B28B-2002].

Meeting adjourned.

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