Related documents
- Is amended by General Law Amendment Act, 1975
- Is commenced by General Law Amendment Act, 1975
Trust Moneys Protection Act, 1934
Act 34 of 1934
- Published in South African Government Gazette 2201 on 5 June 1934
- Commenced on 20 June 1975 by General Law Amendment Act, 1975
- [This is the version of this document from 20 June 1975 and includes any amendments published up to 20 September 2024.]
- [Amended by General Law Amendment Act, 1975 (Act 57 of 1975) on 20 June 1975]
1. Definitions
In this Act -“Court” means the provincial division of the Supreme Court of South Africa having jurisdiction or any judge thereof and whenever a matter in relation to which this expression is used is within the jurisdiction of a local division of the Supreme Court, the expression “court” includes that local division or any judge thereof.“Master” means the Master of the Supreme Court of South Africa -(a)having jurisdiction in respect of the estate or any part of the estate of the settlor, if the written instrument operates by way of testamentary disposition, or(b)within whose jurisdiction the greater portion of the settled moneys are being administered, if such instrument operates inter vivos or if such instrument operates by way of testamentary disposition and no master has any jurisdiction in respect of any part of the estate of the settlor.“Trustee” means a person appointed by written instrument operating either inter vivos or by way of testamentary disposition whereby moneys are settled upon him to be administered by him for the benefit, whether in whole or in part, of any other person.2. Trust deeds to be lodged with Master
Every trustee appointed by written instrument operating inter vivos and executed after the commencement of this Act shall lodge such instrument with the Master or a copy thereof certified as correct by a person approved of by the Master or by a notary and shall from time to time lodge with the Master any written variations of such instrument or a copy thereof likewise certified.3. Security
4. Powers of the Master
5. Records to be kept
Save with the written consent of the Master a trustee shall not destroy any documents whatsoever relating to the settled moneys or the administration or distribution thereof.6. Offences
Any trustee who fails to comply with or contravenes any provision of this Act shall be guilty of an offence and liable on conviction to a fine not exceeding one hundred pounds.[A fine not exceeding one hundred pounds is equivalent to a fine not exceeding N$200.]7. Removal of trustee
8. Regulations
The Minister of Justice may make regulations prescribing the fees to be paid to the Master in respect of anything required to be done under this Act.8A. Application of Act in South West Africa
9. Short title and commencement
This Act may be cited as the Trust Moneys Protection Act, 1934, and shall come into operation on the first day of September, 1934.History of this document
20 June 1975 this version
Amended by
General Law Amendment Act, 1975
05 June 1934
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