No. I
2018
43
Amendment of Cap. 22:05
The Exchange Control .\ct !Chapter 22:05! is amended-(a)
hy the insertion of the following section after section I 0"11 Amnesty in respect of illegally expatriated property
(I) An amnesty in n,~spect of illegally expatriatt•d property shall
come into force in accordance with the terms of tht' Schedule.
(2) Subject to the Schedule. this section and the
be deemed to be repealed on the lst ~larch, 201K":
(b)
Sclu~dule
shall
by the insertion of the following schedule thereto-·
"SCHEDl 'LE (Section II)
At.l),1·:sTY I!\ REsPECT or· hJ£GALLY ExP\TRlATED P!WPFRn
Section
I.
Interpretation in Schedule.
2.
.\dministration of anmesty and powers of Governor of Resen e
Bank.
3.
:--;on-application of certain criminal and other laws in respect of
amnestied conduct.
..J..
Scope of amnesty.
5.
Application for and granting of amnesty.
Proof and modalities of repatriation.
6.
7.
Eligibility for anmesty.
8.
\Vithdrawal of amnesty.
9.
Indemnity for facilitators and duty of confidentiality by Reserve
Bank, etc.
10.
Regulatory powers of .:Vlinister.
APPEI\DIX: Sample of Acts or Omissions Constituting Illegal
Expat1iation of Property.
!nrerpretation in Schedule
1. (I) In this Schedule, unless the context otherwise requires"amnesty" means, in a general sett'le, the amnesty for principals
and facilitators contemplated by this Schedule that
began on the lst December, 2017, and ended on the 28th
February, 2018, and, in a parti(:ular sense, an amnesty
granted in conformity with this Schedule to an applicant
therefor;
"amnestied petiod" means any period before the l st December,
2017;
"Authority" means the Zimbabwe Revenue Authority as
established by the Zimbabvve Revenue Authority A.ct
fChapter 2 3: l1];
''Exchange Control Inspectorate Department" means the
Exchange Control Inspectorate Department of the
Reserve Bank, being the department of the ReseJTe Bank
responsible tiJr ensuring compliance with this Act;
31
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