Diamonds Act, 1986
R 385
Property Practitioners Act, 2019 (Act No. 22 of 2019)Chapter 7 : Property Practitioners Fidelity Fund34. Property Practitioners Fidelity Fund |
| (1) | The Fund established by section 12 of the Estate Agents Affairs Act, 1976, known immediately before the commencement of this Act as the Estate Agents Fidelity Fund, continues to operate as if it were established in terms of this Act, under the name Property Practitioners Fidelity Fund. |
| (2) | The following must be paid into the Fund: |
| (a) | All monies paid as fees in accordance with this Act to or on account of the Fund; |
| (b) | income derived from the investment of monies in the Fund in terms of section 33(2); |
| (c) | all monies recovered by or on behalf of the Fund in the exercise of any right of action conferred by this Act; |
| (d) | all monies received on behalf of the Fund from any insurance company; |
| (e) | interest paid to the Fund; and |
| (f) | any other monies accruing to the Fund from any other source. |
