i. If you have not submitted the audit report for the period in question, kindly request your auditor to submit the outstanding audit report on the portal and email us the proof of submission at audit@theppra.org.za.
ii. If you have submitted the audit report in question, kindly forward the proof of submission to audit@theppra.org.za and we will investigate this matter further.
If the firm has been deregistered before the period in question, kindly forward proof of the deregistration request sent to the EAAB/PPRA query system on the portal and we will investigate this matter further-registrations@theppra.org.za.
i. Please be advised that this contravention was reported by your auditor on submission of the audit report. Kindly consult with your auditor for clarity regarding the contravention reported.
ii. If this contravention was reported in error by your auditor, kindly request your auditor to resubmit the amended audit report and to email to audit@theppra.org.za provide a letter on the audit firm’s letter head explaining the reason for the resubmission.
i. The mandatory disclosure form may not be amended, parties to the sale agreement of a residential property may both sign and insert a date, any additional infrmation must be included in the additional information space provided.
i. Fines can not be reduced however a “AOD” acknowlegdement of debt and payment plan will be sent to property practitioners; emails must be sent to Finance Nobuhle.Mbuyeleni@theppra.org.za and compliancenotices@theppra.org.za.
i. The inspection administrator will isssue an AOD where it it requested, representations are considered by Inspectors.
(Question phrased differently to number 1)
i. Auditor and/or practitioner are requested to submit the late audit report and also pay the fine as stipulated on the compliance note and invoice. Fine is still valid.
i. Request the Auditor and/or property practitioner to resubmit the audit report on the portal and proof of early submission to compliancenotices@theppra.org.za; audit@theppra.org.za.
ii. Internal investigations will be done in this regard and findings be communicated directly to the affected property practitioner.
i. The PPRA can not block or stop the property practitioner from trading as a result of a compliance notice.
“As a result of compliance notices, or none payment or none adherence to it thereof or the issuance of it atleast does not give the powers to stop the property practitioner from trading.”
i. All correspondences must be done through compliancenotices@theppra.org.za.
i. All correspondences – invoices must be done through Mobuhle.Mbuyeleni@theppra.org.za.
If there is no winding up report on the system, the property practitioner is requested to resubmit all the deregistration documents to the registrations department, registrations@theppra.org.za.
i. Stamped, signed bank letter with date of closure of trust account/s.
ii. Winding up audit report of trust account/s.
iii. Submission of any outstanding audit reports.
iv. Payment of any penalties due.
v. Signed and dated request from principal for deregistration.
Property Practitioners Fidelity Fund
Bank : NEDBANK
Branch Code: 198765
A/c Number: 1933030216
Firm ref. no.: F……… (it must be the firm/company’s seven digits that starts with F)
i. If the contravention is reported in error, the property practitioner will inform the auditor to resubmit the audit report without the error;
ii. The auditor is required to submit a letter on the audit firm letterhead confirming that this is a resubmission and the reason for the resubmission to the compliancenotices@ppra.org.za; audit@the ppra.org.za.
i. In the event where there are errors in the audit reports, the property practitioner must liaise with the auditor.