ZEP-RE (M£\1DERSHIP OF ZTh'ffiABWE AND BRANCH OFFICE AGREEMEN"T) No.4 Trade Area (PTA) (now the Conunon Market for Eastern and Southern Africa); ''Company" means the ZEP-RE (PTA Reinsurance Company) ; "Host Agreement" means the Agreement between the Government ofZimbabwe and ZEP-RE (PTA Reinsurance Company); " member of the family ", in relation to any person shall be construed as meaning (a) the spouse or any dependent child of that person; and (b) auy other person deemed by the Minister to be a member of the family in question; "l'vlinister" means the Minister of Finance or any other Minister to whom the President may, from time to time, assign the administration of tbis Act. 3 Provisions of ZEP-Re to have force of law All the provisions in the Schedule shall have the force of law in Zimbabwe: Provided that nothing in the Host Agreement shall be coustmed as(a) entitling the company to import goods free of customs duty without any restriction on their subsequent sale ; or (b) conferring on the Company any exemption from taxes which are in fact no more than charges for public utility services which are payable by other international organisations situated or represented in Zimbabwe. 4 Minister's powers (1) The Minister may make such regulations and give such directions as he or she may deem necessary or convenient for the carrying out of the objects and purposes of this Act. (2) ln particular, the Minister may (without violating the spirit or letter of the Agreement) by regulation or direction(a) temporarily suspend in relation to any individual or class of individuals tbe application of Articles 3 and 4 of the Agreement if the Minister is of the opinion that s uch suspension is necessal)' in the interests of defence, public safety, public order, public morality, public health, regional or town planning or the general public interest; (b) prescribe reasonable definitions of or limitations to the scope of the application of the privileges and inunuuities referred to in Articles 7 , 8 , 9, 10 and ll oftbe Agreement, including the specification of periods for which those privileges and immunities may be enjoyed for the pmpose of those Articles by persons who have concerned have ceased to be officials of the Company or by members of the famil ies of such officials. (3) The Company shall be given advance notice of the exercise of any power by the Minister under subsection 2(a) or (b) and shall be afforded the opportunity of making representations on the matter to the Minister. . SCHEDULE (Section 3) ARTICLE l LEGAL STATUS OF ZEP-RE (PTA REINSURANCE COMPANY) Pursuant to provisions of Article 40 of the Agreement establishing the Company, ZEP-Re (PTA Reinsurance Company) is hereby declared to have the legal capacity of a body corporate in Zimbabwe and shall be recognised as a corporate body with intematioual legal personality with the power to acquire or dispose of movable and 32 2017