No.I
2018
43
Amendment of Cap. 22:05
The Lxchange Control.\ct [Chapter 22:05! is amended--(a)
hy the insertion of the follmving section after section I 0--
"11 Amnesty in respect of illegally expatriated property
( l) An amnesty in n.·spcct of illegally expatriated property shall
come into force in m:cordance with the term:-: of the Schedule.
(2) Suhject to the Schedule, this section and the Schedule shall
be deemed to be repealed on the 1st ~larch, 2018."~
(b)
by the insertion of the following schedule thereto--"SCHEDl 'LE (Section II)
A!\fl'..1·:STY I?" RESPFC!' OF lll.E<i..\LLY EXP\TRL\TFD PROPFRT\
.\RR.\:\CJE\fF.:'\T OF PARAGRAPHS
Section
I.
Interpretation in Schedule.
2.
Administration of amnesty and powers of Ciovernor of Resen·e
Bank.
3.
:\on-application of certain criminal and other laws in respect of
amnestied conduct.
Scope of amnesty.
-J..
5.
(>.
Application for and granting of amnesty.
Proof and modalities of repatriation.
7.
Eligibility for anmesty.
8.
Withdrawal of anmesty.
9.
Indemnity for facilitators and duty of confidentiality hy Reser\'e
Bank, etc.
I 0.
Regulatory powers of :-.linister.
APPE\DIX: Sample of Acts or Omissions Constituting !lie gal
Expat1iation of Property.
Interpretation in Schedule
I. (1) In this Schedule, unless the context otherwise requires--
"amnesty" means, in a general sense, the amnesty for principals
and facilitators contemplated by this Schedule that
he gan on the l st [)ecember, 20 t 7, and ended on the 28th
February, 2018, and. in a particular sense, an amnesty
granted in conf()rmity \Vith this Schedule to an applicant
therefor;
"amnestied period" means any peritxl before the l st l)ecembcr,
2017;
"Authority" means the Zimbabwe Revenue Authority as
established by the Zimbabwe ReYenue Authority i\d
[Chapter 23: lll;
"Exchange Control Inspectorate Department" means the
Exchange Control Inspectorate Department of the
Rc<;eJTe Bank, being the department of the Reserve Bank
respt1nsible f()r ensming compliance with this Act;
31
Select target paragraph3
Add to table of contents