Diamonds Act, 1986
R 385
Property Practitioners Act, 2019 (Act No. 22 of 2019)RegulationsProperty Practitioners Regulations, 2022Chapter 6 : Trust Accounts and Details of Auditor30. Trust Account Administration |
| 30.1 | A property practitioner must administer his, her or its trust accounts using a digital or manual bookkeeping system. |
| 30.2 | Such bookkeeping system must— |
| 30.2.1 | at a minimum, enable the property practitioner to record all pertinent information regarding trust accounts and the movements of all trust monies, and must include general and subsidiary ledgers, cash books, and all other documents and books of entry necessary for the proper maintenance of trust accounts; |
| 30.2.2 | include safeguards to protect the records thereon against unauthorised access, alteration, destruction or manipulation. |
| 30.2.3 | be kept in a format that will render it readily retrievable should the Authority, an auditor or any other person entitled to the records on the bookkeeping system require to access them or make extracts or copies thereof. |
