Chapter 14:07 EXPORT PROCESSING ZONES ACT Acts 22/2001, 14/2002 ARRANGEMENT OF SECTIONS PART I PRELIMINARY 1. Short title. 2. Interpretation. PART II ZIMBABWE EXPORT PROCESSING ZONE AUTHORITY 3. Establishment of Zimbabwe Export Processing Zone Authority. 4. Establishment of Zimbabwe Export Processing Zone Board. 5. Constitution of Board. 6. Terms and conditions of office of members. 7. Disqualifications for appointment as member. 8. Vacation of office by member. 9. Minister may dismiss or suspend members. 10. Filling of vacancies on Board. 11. Meetings and procedure of Board. 12. Committees of Board. 13. Remuneration and expenses of members of Board and members of committees. 14. Disclosure of interest of members of Board and members of committees. 15. Validity of decisions and acts of Board. 16. Execution of contracts and instruments by Authority. 17. Minutes of proceedings of Board and committees. PART III FUNCTIONS OF AUTHORITY 18. Functions of Authority. 19. Powers of Authority. 20. Establishment of export processing zones. 21. Reports of Authority. 22. General manager. PART IV APPLICATIONS FOR APPROVAL OF INVESTMENT IN EXPORT PROCESSING ZONES 23. Applications for investment licences. 24. Application for developer’s permit. 25. Consideration for approving applications for investment licences. 26. Approval or refusal of application for investment licences. 27. Period of validity of licences. 28. Renewal of investment licences. 29. Register of licences. 30. Investor to notify Authority of non-implementation investment. 31. Transfer of licences prohibited. 32. Power to visit premises and inspect documents. 33. Suspension and cancellation of licences. 34. Appeals to Minister. 35. Protection from compulsory acquisition of property. PART V OPERATIONS WITHIN EXPORT PROCESSING ZONES 36. Dealing with, or disposal of, goods in export processing zones. 37. Retail trade. 38. Disposal of goods abandoned in export processing zones. 39. Certain goods not to be taken into or stored in export processing zones. 40. Import and export licensing. PART VI BANKING AND INSURANCE SERVICES 41. Banking activities. 42. Restrictions on borrowing and payments of employees. 43. Payment for goods and services. 44. Foreign currency accounts and payments in foreign currency. 45. Insurance business. PART VII FINANCIAL PROVISIONS 46. Funds of Authority. 47. Investment of moneys not immediately required by Authority. 48. Accounts and audit. PART VIII OFFENCES AND PENALTIES 49. False statements. 50. Penalty for offences not otherwise provided for. PART IX GENERAL 51. Vessel in relation to export processing zone. 52. Licensed investors to submit returns. 53. Priority to be given to applications, requests, etc. of Authority. 54. Preservation of secrecy. 55. Exemption from liability for Authority. 56. Chapter 28:01 not to apply. 57. Regulations. SCHEDULE: Powers of Authority. AN ACT to provide for the establishment of the Zimbabwe Export Processing Zone Authority and to provide for the functions thereof; to provide for the establishment of export processing zones, the administration and control thereof; to provide for the constitution and functions of the Zimbabwe Export Processing Zone Board; and to provide for matters incidental to or connected with the foregoing. [Date of commencement: 4th August, 1995.]