Why Has the Trust Property Control Act Changed in South Africa?
Bulletins issued by Overseas Trust and Pension Limited (OTAP) provide insights and commentary on topical industry matters. The bulletin and its contents are not intended as advice nor should they be construed, interpreted or used as such.
For use by Professional Advisers only.
Ryan Levy, BCom Financial Management, Affiliate Member, STEP
International Business Consultant, Overseas Trust and Pension
Overseas Trust and Pension (OTAP) is the brand name of Overseas Trust and Pension Ltd, Overseas Pensions and Benefits Ltd and Overseas Pensions Administration Ltd, (the Companies) are licensed by the Guernsey Financial Services Commission under the Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2020. Overseas Trust and Pension Ltd and Overseas Pensions and Benefits Ltd are registered in Guernsey numbers: 55506 and 39935 respectively. Their registered office is Lefebvre Court, Third Floor, Block B, Lefebvre Street, St Peter Port, Guernsey, GY1 2JP. Overseas Pensions Administration Ltd is registered in Alderney number: 1427 and its registered office is Millennium House, Ollivier Street, St Anne, Alderney, GY9 3TD.
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- General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act, 2022 (Act No. 22 of 2022)
- Trust Property Control Act, 1988 (Act No. 58 of 1988)
- Non-Profit Organisations Act, 1997
- Financial Intelligence Centre Act, 2001
- Companies Act, 2008
- Financial Sector Regulation Act, 2017
- Financial Action Task Force (FATF) Report on South Africa
- Notice No. R 3240 Regulations published in Government Gazette No. 48351
- Analysis of amendments by South African law firms and tax institutions