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

Regulations

Purchase

27.1	Immediately after opening a trust account contemplated in section 54 (1) (a) of the Act, a property practitioner must in writing provide the Authority with the following information in connection with such trust account—

27.1.1

name of financial institution at which account is held;

27.1.2

branch at which account is held and branch code;

27.1.3

name of accountholder;

27.1.4

account number; and

27.1.5

type of account.

27.2	Immediately after appointing an auditor in terms of section 54 (1) (b) of the Act, a property practitioner must in writing provide the Authority with the following information relating to such auditor—

27.2.1

full name;

27.2.2

Independent Regulatory Board of Auditors certificate number;

27.2.3

business address;

27.2.4

postal address;

27.2.5

email address;

27.2.6

mobile telephone number; and

27.2.7

office telephone number.