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Estate Agency Affairs Act, 1976 (Act No. 112 of 1976)

Notice No. 1073

Penalty payable to the Estates Agency Affairs Board

 

 

In terms of section 33 of the Estate Agency Affairs Act, 1976 (Act No. 112 of 1976), I, Alexander Erwin, Minister of Trade and Industry, after consultation with the Estate Agency Affairs Board, hereby prescribe the penalty payable in terms of section 16(5) as set out in the Schedule.

 

Schedule

 

1) The penalty payable to the Estate Agency Affairs Board in terms of section 16(5) of the Estate Agency Affairs Act, 1976 (Act No. 112 of 1976) shall be--
a) in respect of an estate agent by virtue of paragraph (a) of the definition of "estate agents" or paragraph (c)(i) of the definition of "estate agents", R250 (VAT inclusive) per month or part thereof that payment of such levy is made late.
b) in respect of an estate agent by virtue of paragraph (c)(ii) or (cA) of the definition of "estate agents", R150 (VAT inclusive) per month or part thereof that payment of such levy is made late.

 

2) This notice shall come into effect on the day of publication. (10 September 1999).

 

 

A Erwin

Minister of Trade and Industry

 


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