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

Chapter 4 : Transformation of Property Sector

Purchase

(1)	A property practitioner whose turnover is below R2,5 million must cause his, her or its accounting records to be subjected to an independent review by a registered accountant subject to the provisions of section 54(1) to (7), applied with the necessary changes.

(2)	The Minister may by notice in the Gazette—

(a)	determine the circumstances under which certain property practitioners may be exempted from keeping trust accounts; and

(b)	determine a different dispensation for the review of accounting records for those property practitioners.