Due to the amendment of The Financial Intelligence Centre Act, No. 38 of 2001, FHBC is an accountable institution and as such, FHBC is required to “FICA” its clients. We will be contacting all our clients to collect the necessary information and we do require your co-operation in this regard.
Category: Legal
THE COMPENSATION FUND AND DOMESTIC EMPLOYERS
A Constitutional Court order made on 19 November 2020 declared section 1(xix)(v) of the Compensation for Occupational Injuries and Diseases Act (COIDA) 130 of 1993 invalid, this order has been made immediate and retrospective to 27 April 1994. Thus, declaring that Domestic Workers are now entitled for compensation if they are injured or contract a disease while on duty.
SERTIFISERING VAN AFSKRIFTE / KOMMISSARIS VAN EDE
FHBC bied bystand aan kliënte met die sertifisering van afskrifte, asook die afneem en bevestiging van beëdigde verklarings en is verplig om hierdie diens in ooreenstemming met statutêre vereistes te verrig.
FICA, TRUSTS AND THE MASTER’S NEW BENEFICIAL OWNERSHIP REGISTER – TRUSTEES TAKE NOTE!
The Trust Property Control Act was recently amended due to changes to FICA Legislation. The amended Act contains additional compliance requirements which affects the trustees of trusts, those involved in the creation of trusts, and those involved in the investment, safe keeping, control or administration of trust property.
IS YOUR BUSINESS AN ACCOUNTABLE INSTITUTION UNDER THE AMENDED FINANCIAL INTELLIGENCE CENTRE ACT?
The Financial Intelligence Centre Act, No. 38 of 2001 (the Act or FICA) was amended at the end of 2022 to provide for various changes to the structure of South Africa’s anti-money laundering and combating of terrorism financing legislation. Schedule 1 to FICA was amended and now includes a long list of new accountable institutions.
COHABITATION AND COHABITATION AGREEMENTS
Are you currently living together with your better half in a cohabitation relationship? Do you have a Cohabitation Agreement in place? If not, please take note of our article.
COMPLIANCE ALERT: COMPENSATION FUND (CF / WCA) AND UNEMPLOYMENT INSURANCE FUND (UIF)
The Compensation Fund issued a Notice in the Government Gazette of 14 July 2022, informing employers of COIDA Compliance, and its intention to conduct employer COIDA Audits and employer site visits. The Unemployment Insurance Act, 2001 (the UI Act) also requires all employers who employ people for more than 24 hours per month to register with the UIF and contribute towards the fund.
THE PROPERTY PRACTITIONERS ACT – NEW LEGISLATION AND COMPLIANCE REQUIREMENTS
The new Property Practitioners Act (Act 22 of 2019) repealed the Estate Agency Affairs Act (Act 112 of 1976) and casts a wider net to now include individuals and entities, previously excluded from the Estate Agency Affairs Act. Do you currently qualify as a “Property Practitioner” under the new Act?
ENERGIE PRESTASIE SERTIFIKATE VIR SEKERE GEBOUE EERSDAAGS VERPLIGTEND
Die spertyd vir die verpligte verkryging van Energie Prestasie Sertifikate (ook Energie Sertifikate en / of “Energy Performance Certificates”) deur die eienaars van sekere geboue in Suid-Afrika, verstryk op 8 Desember 2022. Nie-voldoening aan die Regulasies sal strafbaar wees.
NEW PAIA REGULATIONS PUBLISHED – INFORMATION OFFICERS TAKE NOTE!
New Regulations were published for the Promotion of Access to Information Act 2 of 2000 (PAIA), and it affects POPIA (Protection of Personal Information, Act 4 of 2013) and it places additional duties and responsibilities on the Information Officer. Information Officers must take cognisance of the new changes.