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

Regulations

Property Practitioners Regulations, 2022

Chapter 4 : Fees and the Fidelity Fund

16. Method of automatically escalating fees annually

 

All amounts determined under section 41 (1) of the Property Practitioners Act 22 of 2019 will be increased annually on 01 April of each year by a percentage equal to the percentage change in the Consumer Price Index "All items (CPI Headline)" from January of the preceding year to January of the current year as published by Statistics South Africa under Statistical Release P0141 or any other statistical release substituted by Statistics South Africa for Statistical Release P0141 from time to time.