Acts Online
GT Shield

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

Regulations

Property Practitioners Regulations, 2022

Chapter 6 : Trust Accounts and Details of Auditor

29. Bank's Declaration of Interest

 

29.1 A declaration from a bank contemplated in section 54 (2) (b) must be made in the following format—

 

 

 

 

[Insert bank's letterhead]

[Insert date]

Property Practitioners Regulatory Authority

63 Wierda Road East (Corner of Johan Avenue)

Sandton 2196

 

BY POST

 

Dear [Sirs / Sir / Madam]

 

RE: DECLARATION OF INTEREST EARNED BETWEEN [INSERT RANGE OF DATES] IN TRUST ACCOUNT(S) OF [INSERT NAME] (THE "ACCOUNTHOLDER") IN TERMS OF SECTION 54 (2) (b) OF THE PROPERTY PRACTITIONERS ACT, NO 22 OF 2019

 

1 We certify the following regarding the Accountholder's trust account(s) held with us—

 

DESCRIPTION

OF ACCOUNT

ACCOUNT

NUMBER

INTEREST

EARNED

CREDIT

BALANCE













 

2 Please contact us should you have any queries in the above regard.

 

Yours faithfully

 

 

________________________________

[NAME OF SIGNATORY]

[Designation]

[Name of bank]