Tag archives: Trust Property Control Act

Important amendments to the Trust Property Control Act  

Photo of Amber KardamilakisPhoto of Susan BissetBy Amber Kardamilakis and Susan Bisset on Posted in General
The General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act, 2022 (Amendment Act), published in the Government Gazette on 29 December 2022, makes key amendments to the Trust Property Control Act, 1988. Most of these amendments will take effect on 1 April 2023. It is important for trustees to familiarise themselves with the Amendment … Continue reading

Proposed law will increase disclosure of control of trusts

Photo of Susan BissetPhoto of Amber KardamilakisBy Susan Bisset and Amber Kardamilakis on Posted in General
The Trust Property Control Act, 1988 (TPCA) was last amended in 1997.  It is a short act that deals on a high level with trust operations and the office of the Master of the High Court as the trust regulator.  The General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill (B18 – 2022), however, proposes significant … Continue reading
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