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Property Practitioners Act, 2019 (Act No. 22 of 2019)

Chapter 7 : Property Practitioners Fidelity Fund

39. Authorisation of grants

 

(1) Subject to the terms and conditions that it may determine, the Board may authorise grants from the Fund—
(a) with regard to—
(i) research in fields of activity relevant to the business of property practitioners;
(ii) the maintenance and promotion of the standard of conduct of property practitioners;
(iii) the maintenance and promotion of the training standards of property practitioners;
(iv) the education and training of property practitioners; and
(v) transformation of the property sector;
(b) to any association or society of property practitioners for the purpose of enabling that association or society to maintain and promote the interests of property practitioners; and
(c) of the amount that it may determine for the purposes of—
(i) advertising and promoting the services and facilities offered by property practitioners in general; or
(ii) promoting public awareness in respect of consumer rights in matters relating to immovable property.

 

(2) The Board may at any time revoke any authorisation contemplated in subsection (1) on reasonable grounds.