13.07.2015 Views

2.2 Payments of a personal nature - South African Reserve Bank

2.2 Payments of a personal nature - South African Reserve Bank

2.2 Payments of a personal nature - South African Reserve Bank

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

<strong>Payments</strong> <strong>of</strong> this <strong>nature</strong> may be made over and above the travel facilities grantedto a resident traveller.<strong>2.2</strong>.9 Medical and dental expensesGeneral requirementsFacilities may be provided to residents <strong>of</strong> the RSA to cover the cost <strong>of</strong> specialisedmedical and dental treatment abroad provided documentary evidence confirmingthe amount involved is exhibited to the Authorised Dealer concerned.This facility is in addition to any holiday travel allowance provided.<strong>2.2</strong>.10 SubscriptionsGeneral requirementsAuthorised Dealers may approve the payment <strong>of</strong> current membership andaffiliation fees to recognised medical, engineering and other technical, learned orinternational societies against the production <strong>of</strong> documentary evidence confirmingthe amount due. Exchange may be provided without the production <strong>of</strong> the usualdocumentary evidence <strong>of</strong> shipment or importation, to pay for the importation <strong>of</strong>newspapers, books and periodicals which are intended for own use and not forresale.Authorised Dealers may approve applications by residents <strong>of</strong> the RSA for theremittance to any country <strong>of</strong> club subscriptions against documentary evidenceconfirming that the amount is properly due.Authorised Dealers may approve applications by residents to pay currentsubscriptions for international business or technical information services suppliedvia data or telephone lines to visual display units or printers, against theproduction <strong>of</strong> documentary evidence confirming the amount due.Matters to be referred to the Exchange ControlAny payments <strong>of</strong> subscription fees falling outside the ambit <strong>of</strong> the aboveprovisions are subject to the approval <strong>of</strong> the Exchange Control.Norms applied and factors consideredThe Exchange Control applies the norm that the amounts <strong>of</strong> the subscriptionsshould be reasonable in terms <strong>of</strong> current practice.<strong>2.2</strong>.11 Export <strong>of</strong> <strong>South</strong> <strong>African</strong> <strong>Reserve</strong> <strong>Bank</strong> notesTravellers proceeding on visits outside the CMA may each be permitted to takewith them up to R10 000 in <strong>South</strong> <strong>African</strong> <strong>Reserve</strong> <strong>Bank</strong> notes. Since the amounttaken in such notes is intended to meet the immediate needs <strong>of</strong> travellers on theirreturn to the RSA, it is not regarded as part <strong>of</strong> the authorised travel allowance.(May '10) H8

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!