Second Attorneys Amendment Act 103 of 1983

Second Attorneys Amendment Act, 1983 (No. 103 of 1983)

GENERAL EXPLANATORY NOTE:
[ ]  Words in bold type in square brackets indicate omissions from existing enactments.
__ Words underlined with solid line indicate insertions in existing enactments.

Act

• to amend the Attorneys Act, 1979, so as to make further provision for the payment of interest on money accruing to the Attorneys, Notaries and Conveyancers Fidelity Guarantee Fund.

(Afrikaans text signed by the State President.)
(Assented to 18 August 1983.)

BE IT ENACTED by the State President and the House of Assembly of the Republic of South Africa, as follows:-

Amendment of section 78 of Act 53 of 1979.

1. Section 78 of the Attorneys Act, 1979, is hereby amended-

(a) by the substitution for subsection (3) of the following subsection:

"(3) The interest, if any, on money deposited in terms of subsection (1) and the interest on money invested in terms of subsection (2) shall be paid over to the fund by the practitioner concerned at the prescribed time and in the manner prescribed."; and

(b) by the substitution for subsection ( 4) of the following subsection:

"(4) Any practising practitioner shall keep proper books of account containing particulars and information of any money received, held or paid by him for or on· account of any person, of any money invested by him in terms of subsection (2) and of any interest [on money so invested] referred to in subsection (3) which is paid over or credited to him.".

Short title and commencement.

2. This Act shall be called the Second Attorneys Amendment Act, 1983, and shall be deemed to have come into operation on 1 March 1983.