GOLD TRADE (REPEAL) ACT

Arrangement of Sections

   Section

   1.   Short title

   2.   Interpretation

   3.   Repeal of Cap. 396

AN ACT

to repeal the Gold Trade Act

[14th August, 2015]

Act 12 of 2015.

1. Short title

This Act may be cited as the Gold Trade (Repeal) Act.

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2. Interpretation

In this Act, unless the context otherwise requires—

“Director” means the Director of Mines appointed under the Mines and Minerals Development Act, 2015; and

“repealed Act” means the Gold Trade Act.

3. Repeal of Cap. 396

   (1) The Gold Trade Act, 1912, is hereby repealed.

   (2) Notwithstanding subsection (1), a person who, at the commencement of this Act, is a holder of a licence or permit issued under the repealed Act shall, within six months after such commencement, apply to the Director for a licence, except that the Director shall only grant a permit for the unexpired period for which it was granted under the repealed Act.

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