This is a reminder for business property practitioners who are not in possession of trust account exemption letters and have a financial year end of 28 February 2025. The principals must ensure that their auditors submit the trust account audit reports to the Property Practitioners Regulatory Authority (PPRA) on or before 31 August 2025.
This requirement is in accordance with section 54(5)(b) and 54(6) of the Property Practitioners Act (PPA). No requests for extensions will be considered or granted by the PPRA.
To read the full notice regarding submissions of audit reports, download below:
