DEPARTMENT GRANTS AN EXTENSION FOR THE INDUSTRY AND PUBLIC TO SUBMIT COMMENTS ON NOTICE 139 OF 2020 - PROPERTY PRACTITIONERS REGULATIONS
The Department of Human Settlements Director-General Mbulelo Tshangana has granted the public an extension to make comments on the Property Practitioners Regulations, notice 139 of 2020.
The Department published the draft regulations under section 70 of the Property Practitioners Act, 2019, on 06 March 2020 for the public to submit comments within 60 days.
The Department further published the schedule of events for the holding of information sessions in all nine provinces during the public comments process and most of these were subsequently canceled due to the Covid-19 pandemic.
It is therefore within this context that the Department wishes to inform the public and the industry that new dates for the information sessions will now be in October and November 2020 respectively as per the attached schedule and the closing date for submission of written comments will now be the 20 November 2020. All sessions will be conducted within the strict Covid-19 regulations under level 1.
ISSUED BY THE DEPARTMENT OF HUMAN SETTLEMENTS
For more information, please contact Ms Gwen Shole at 082 859 0509
UPDATING OF ESTATE AGENTS CONTACT DETAILS
Please provide your full names as they appear on your ID document, ID number, Email address, Tel contact numbers.
The EAAB appreciates your co-operation in this regard.
07 August 2020
EAAB OFFICES RE-OPENED ON 11 AUGUST 2020
It is to be noted however, that the EAAB can only allow 30% of its worksforce to return to the offices in Sandton, Johannesburg which will continue until further notice on a rotational basis. To assure stakeholders of continued service delivery, the regulator has also made the necessary provisions for employees to continue to work remotely in order to offer all services when they are not in the office.
Stakeholders are therefore encouraged to continue using electronic means wherever possible and to contact the EAAB on the following email addresses.
Ms. Mohlala CEO of the EAAB encourages all employees to practice good hygiene habits, including the importance of washing hands properly and practise social distancing wherever possible.
For further Covid-19 related enquires contact: Covid-19 Compliance Officer Mr. Oscar Mangole at email@example.com
29 June 2020
EAAB WAIVERS PENALTIES FOR LATE AUDIT SUBMISSIONS
JOHANNESBURG – The Estate Agency Affairs Board will not penalise estate agents who submit late audit records for the 2019/2020 financial year.
Audit reports are due annually by June 30, but the board is cognisant that due to the Covid-19 pandemic and the national lockdown several agents have not been able to complete this process.
According to section 29(1)(b), 32(3)(b) and 32(4) of the Estate Agency Affairs Act, the audit of the business accounting records and the trust accounting records shall be performed and finalised and the auditor’s report on the trust accounting records submitted to the EAAB within a period of four months after the financial year end of the estate agent.
As a result of the far reaching consequences of the lockdown on the industry, the board has agreed not to impose penalties for late submissions.
EAAB CEO Ms. Mamodupi Mohlala said she was mindful of the challenges the industry was facing due to the lockdown and wanted to assure stakeholders that the regulator was working around the clock to find lasting solutions.
In May the EAAB made detailed submissions to the Department of Human Settlements on a raft of possible Covid-19 relief measures which included the issues of extension of deadlines for audit reports and the deferment of Continuing Professional Development (CPD) fees.
The EAAB is awaiting a response from the department on these and other issues and will communicate the outcome as soon as it is received.
The board would like to acknowledge and thank all those who submitted their audit reports under the trying conditions.
Issued on behalf of EAAB CEO Ms. Mamodupi Mohlala