Property Practitioners Bill 2019


Date: Jun 20, 2019 - Jun 20, 2019

CPD hours: 2 Hours

Time: 10:00 - 12:00

Event Type: Webinar

Presenter: Lettie Janse van Vuuren
CA (SA), Registered Auditor

The Property Practitioners Bill is intended to replace and repeal the outdated Estate Agency Affairs Act of 112 of 1976. This new Bill is intended to govern “property practitioners”, which includes – amongst many others – estate agents (being the only ones currently regulated by the 1976 Act).

Overview

The Property Practitioners Bill is intended to replace and repeal the outdated Estate Agency Affairs Act of 112 of 1976. This new Bill is intended to govern “property practitioners”, which includes – amongst many others – estate agents (being the only ones currently regulated by the 1976 Act). The definition of “property practitioners” is extensive and will regulate not only all estate agents, but also extend regulations to all property practitioners, including managing agents, business (property) brokers and providers of bridging finance, as well as bond brokers and marketers. In fact, it is hard to find anyone in SA that is not included in this definition!

The Property Practitioners Bill 2018 was first published and introduced to the National Assembly on 14 June 2018 and was passed by the National Assembly on 4 December 2018. It has since been passed by the National Council of Provinces on 28 March 2019 and has been sent to the President for assent.

One of the primary purposes of the Property Practitioners Bill is to transform the property market, allowing for the inclusion of historically disadvantaged individuals through the provision of grants for several purposes.

This webinar is based on the Bill in its current 2019 form as amended and approved, with detailed references to the extant 2018 Property Practitioners Bills. During this webinar you will receive summaries and brief outlines of the 2 Property Practitioners Bills, and learn who is defined as a "property practitioner", which will enable you to advise your client base accordingly-should this new legislation be applicable to them. 

Join technical expert Lettie Janse van Vuuren CA(SA), RA on 20 June 2019, as she breaks down the original 2018 and updated 2019 versions of the Property Practitioners Bill.


Learning objectives

By the end of this webinar the participant should be aware of the requirements applicable to clients of accountants, auditors and tax practitioners with regard to:

  • The original Property Practitioners Bill 2018
  • Who is defined as a “property practitioner”, which will enable you to advise your client base accordingly – should this new legislation be applicable to your clients
  • The newly amended Property Practitioners Bill and the proposed changes which will be relevant and applicable to “property practitioners”

Course content

The following topics will be covered in detail during the event:

  • A summary of the original 2018 Property Practitioners Bill and a brief outline of the proposed changes which will be relevant and applicable to “property practitioners”
  • A summary of the newly amended Property Practitioners Bill and a brief outline of the proposed changes which will be relevant and applicable to “property practitioners”

Frequently Asked Questions on the 2018 Property Practitioners Bill


Obtaining your CPD certificate

Attendance of this 2-hour seminar/webinar series will accrue 2 CPD hours for members of a relevant professional body. The SAAA CPD policy is compliant with the IFAC IES7 and is recognised, amongst others, by SAICA, AAT, SAIPA, SAIBA, ACCA, IAC, CIS, ICBA, LSSA, FPI, the IBA and others.


Who should attend

The following persons involved with “property practitioners” will benefit from attending this webinar:

  • Registered auditors;
  • Accountants in Practice: CA(SA), PA(SA), BAP(SA), ACCA, CIMA, IAC, AGA(SA), CIS, ICBA and others;
  • Tax practitioners;
  • Accounting officers; and

Professional and practice support staff involved in audits, independent reviews, compilations, assurance engagements, accounting, taxation and other relevant non-assurance engagements.


Additional material

By attending this webinar, you will be provided with:

  • Summarised slide presentation;
  • Detailed course material;
  • Source documents – which can be kept in your reference/resource library;
  • The ability to ask questions during the webinar via the online portal, as well as during the subsequent live Q&A session; and
  • Access to the presenter via e-mail, after the webinar.

Price

  • R 475.00 - Online admission - Individual. 

  • R 950.00 - Online admission - Company. 


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