INDEX
INDEX 2
ACCOUNTING : INDEPENDENT REGULATORY BOARD FOR AUDITORS (IRBA) 5
ACCREDITATION MODEL AND COMPETENCY FRAMEWORK 5
IN A NUTSHELL 5
REFERENCE 5
APPLIES TO IMPACT & ACTION 5
LINKS 6
ACCOUNTING: PROPOSED AMENDMENTS TO THE CODE OF PROFESSIONAL CONDUCT FOR REGISTERED AUDITORS 7
IN A NUTSHELL 7
REFERENCE 8
APPLIES TO IMPACT & ACTION 8
COMPANIES ACT, 2008: AMENDMENT TO REGULATIONS 9
IN A NUTSHELL 9
REFERENCE 10
APPLIES TO IMPACT & ACTION 10
CUSTOMS CONTROL BILL, 2013 11
IN A NUTSHELL 11
REFERENCE 15
APPLIES TO IMPACT & ACTION 15
LINKS 15
CUSTOMS AND EXCISE: PUBLICATION OF EXPLANATORY SUMMARY OF THE CUSTOMS AND EXCISE AMENDMENT BILL, 2013 16
IN A NUTSHELL 16
REFERENCE 18
APPLIES TO IMPACT & ACTION 18
LINKS 18
ENVIRONMENT: NATIONAL ENVIRONMENTAL MANAGEMENT: AIR QUALITY ACT, 2004 (ACT NO. 39 OF 2004): NATIONAL DUST CONTROL REGULATIONS 19
IN A NUTSHELL 19
REFERENCE 19
APPLIES TO IMPACT & ACTION 19
LINKS 19
ENVIRONMENT: NATIONAL ENVIRONMENTAL MANAGEMENT ACT: AIR QUALITY ACT, 2004 (ACT NO. 39 OF 2004) DECLARATION OF A SMALL BOILER AS A CONTROLLED EMITTER AND ESTABLISHMENT OF EMISSION STANDARDS 20
IN A NUTSHELL 20
REFERENCE 26
DECLARATION OF A SMALL BOILER AS A CONTROLLED EMITTER AND ESTABLISHMENT OF EMISSION STANDARDS 26
APPLIES TO IMPACT & ACTION 26
LINKS 27
FINANCE AND INVESTMENTS: PROMOTION AND PROTECTION OF INVESTMENT BILL, 2013 28
IN A NUTSHELL 28
REFERENCE 28
APPLIES TO IMPACT & ACTION 28
LINKS 28
HEALTH SERVICES: NATIONAL HEALTH ACT- COMMENCEMENT 29
IN A NUTSHELL 29
REFERENCE 29
APPLIES TO IMPACT & ACTION 29
LINKS 30
MERCHANDISE MARKS ACT, 1941 (ACT 17 OF 1941)L KAROO LAMB 31
IN A NUTSHELL 31
REFERENCE 34
APPLIES TO IMPACT & ACTION 34
PROPERTY: PROPERTY VALUATION BILL, 2013 35
IN A NUTSHELL 35
REFERENCE 35
APPLIES TO IMPACT & ACTION 35
PUBLIC ADMINISTRATION : NOTICE OF INTRODUCTION OF PUBLIC ADMINISTRATION MANAGEMENT BILL INTO PARLIAMENT 37
IN A NUTSHELL 37
REFERENCE 40
APPLIES TO IMPACT & ACTION 41
LINKS 43
TRANSPORTATION : AMENDMENT OF ADMINISTRATIVE ADJUDICATION OF ROAD TRAFFIC OFFENCES REGULATIONS, 2008 44
IN A NUTSHELL 44
REFERENCE 44
APPLIES TO IMPACT & ACTION 44
LINKS 44
MEASURES :TRADE METROLOGY ACT NO 77 OF 1973 –amendment to regulations 45
IN A NUTSHELL 45
REFERENCE 45
APPLIES TO IMPACT & ACTION 45
LINKS 45
PUBLIC : ECONOMIC DEVELOPMENT : INFRASTRUCTURE DEVELOPMENT BILL 46
IN A NUTSHELL 46
REFERENCE 48
APPLIES TO IMPACT & ACTION 49
LINKS 52
SECURITY : COMMENCEMENT OF THE DANGEROUS WEAPONS ACT, 2013 (ACT NO. 15 OF 2013) 53
IN A NUTSHELL 53
REFERENCE 53
APPLIES TO IMPACT & ACTION 53
LINKS 53
PROPERTY : Extension of Security of Tenure Amendment Bill, 2013 54
IN A NUTSHELL 54
REFERENCE 55
APPLIES TO IMPACT & ACTION 55
LINKS 55
TAX : TAX ADMINISTRATION LAWS AMENDMENT BILL, 2013 56
IN A NUTSHELL 56
REFERENCE 56
APPLIES TO IMPACT & ACTION 57
LINKS 57
TAX : METHOD OF PAYMENT 58
IN A NUTSHELL 58
REFERENCE 58
APPLIES TO IMPACT & ACTION 58
End 59
ACCOUNTING : INDEPENDENT REGULATORY BOARD FOR AUDITORS (IRBA)
Established under section 3 of the Auditing Profession Act, No 26 of 2005
ACCREDITATION MODEL AND COMPETENCY FRAMEWORK
/KEY WORDS
INDEPENDENT REGULATORY BOARD FOR AUDITORS (IRBA)
ACCREDITATION MODEL AND COMPETENCY FRAMEWORK
IN A NUTSHELL
ACCREDITATION MODEL AND COMPETENCY FRAMEWORK
Notice is hereby given that the extant Accreditation Model approved in 2007and published through Board notice 84 of 2007 in the Government Gazette notice 30179 will be repealed and replaced with the new Accreditation Model and Competency Framework with effect from 01 January 2014.
Pursuant to the provisions of section 5 of Act No. 26 of 2005 we hereby publish for general information the following:
1. The Accreditation Model for the accreditation of professional bodies in terms of Part 1, Chapter 3 of Act No. 26 of 2005; and
2. The Application Form for the accreditation of professional bodies in terms of section 32(1) of Act No. 26 of 2005.
REFERENCE
INDEPENDENT REGULATORY BOARD FOR AUDITORS (IRBA)
ACCREDITATION MODEL AND COMPETENCY FRAMEWORK
BOARD NOTICE 212 OF 2013 (Government Gazette 36973)
APPLIES TO IMPACT & ACTION
RE
Interested parties are invited to go tohttp://www.irba.co.za/index.php/audit-news-news-42/730to review the above mentioned documents.
Enquiries should be directed to:
Ms Laine Katzin
The Director: Education, Training and Professional Development
IRBA
P O Box 8237
Greenstone
1616
Tel: 087 940 8800
Fax: 087 940 8875
E-mail:
Bernard Peter Agulhas
LINKS
Interested parties are invited to go tohttp://www.irba.co.za/index.php/audit-news-news-42/730to review the above mentioned documents.
ACCOUNTING: PROPOSED AMENDMENTS TO THE CODE OF PROFESSIONAL CONDUCT FOR REGISTERED AUDITORS
BOARD NOTICE 208 OF 2013 (Government Gazette 36923)
Johannesburg / 18 October 2012
IN A NUTSHELL
PROPOSED AMENDMENTS TO THE CODE OF PROFESSIONAL CONDUCT FOR REGISTERED AUDITORS
In accordance with the provisions of section 10(1)(a) and 10(2)(a) of the Auditing Profession Act 26 of 2005 ("the Act"), the Independent Regulatory Board for Auditors(IRBA) publishes, pursuant to the provisions of section 4(1)(c) and 44(6) of the Act, for public information and comment the following:
The Committee for Auditor Ethics (CFAE), the statutory committee of the Independent Regulatory Board for Auditors (IRBA) responsible for setting standards for auditor ethics, exposed the proposedamendments to theIRBA Code of Professional Conduct for Registered Auditors(the IRBA Code) in September 2013, for exposure for public comment within 30 days of the issue of Board Notice 208 of 2013 published in the Government Gazette 36923 on 18 October 2013.
The proposed amendments to the IRBA Code arise from amendments during 2013 to Parts A and B and the Definitions of the International Ethics Standards Board for Accountants' (the IESBA)Code of Ethics for Professional Accountants(the IESBA Code). The IESBA Code had been adopted by the IRBA with additional requirements applicable to registered auditors with effect from 1 January 2011.
The 2013 IESBA amendments were considered by the CFAE who determined that they should first be issued for comment in order to alert auditors to the proposed amendments, effective dates and potential implications for application of the IRBARules Regarding Improper Conduct. Responses received will assist the CFAE to identify any further changes to the amendments.
Proposed amendments
The proposed amendments to the IRBA Code are the following:
Replacement of section 100.10 and insertion of new sections 290.39 to 290.49 and section 291.33 to 291.37.
2. / Conflicts of Interest / New sections inserted 100.17 - 100.18 and sections 100.17 - 100.22 will be renumbered. Deletion of existing section 220 replaced with new sections 220.1 - 220.14.
3. / Definition of“engagement team”in the Code / Amendment to definition to align with the IAASB’s amendments to ISA 610 (Revised 2013),Using the Work of Internal Auditors.
4. / Definition of“those charged with governance”and consequential changes to the Code / Amendment to definition to align more closely with the IAASB’s ISA 260,Communication with Those Charged with Governance.Insertion of new section 100.25 and existing section 290.28 replaced.
How to Comment
To ensure that all relevant stakeholders are consulted and to streamline the consultation process, interested and affected stakeholders are invited to submit written comments to the IRBA. All comments will be considered a matter of public record. Changes may be made to the final amendments prior to issue without further exposure thereof.
Written comments should be submitted to the IRBA in Word and PDF Format by18November 2013preferably byemail to:
Ms SD van EschTel: +27 87 940 8871
Fax: +27 86 575 6535
Email: / Or / Ms S Adam
Tel: +27 87 940 8870
Fax: +27 86 558 0092
Email:
The proposed amendments to the IRBA Code are available in PDF format and may be downloaded from the IRBAhere.
Should you have any other queries or experience any technical difficulties in downloading the documents please do not hesitate to contact the Standards Department on +27(0)87 940 8800 or email at:.
Download this communique in (PDF|Doc) format.
Sandy van Esch
Director: Standards
About the IRBA
The objective of the IRBA is to endeavour to protect the financial interests of the South African public and international investors in South Africa through the effective and appropriate regulation of audits conducted by registered auditors, in accordance with internationally recognised standards and processes.
The statutory responsibility of the CFAE is to assist the IRBA to: determine what constitutes improper conduct by registered auditors by developing requirements and guidelines for professional ethics, interact on any matter relating to its functions and powers with professional bodies and any other boy or organ of state with an interest in the auditing profession and to provide advice to registered auditors on matters of profressional ethics and conduct.
REFERENCE
BOARD NOTICE 208 OF 2013
(Government Gazette 36923)
APPLIES TO IMPACT & ACTION
RE
"THE PROPOSED AMENDMENTS TO THE CODE OF PROFESSIONAL CONDUCT FOR REGISTERED AUDITORS"
To ensure that all relevant stakeholders are consulted and to streamline the consultation process, interested and affected stakeholders are invited to submit written comments to the IRBA within 30 days of publication of this Board Notice.
Please be advised that the proposed amendments to the IRBA Code of Professional Conduct are available and may be downloaded from the website of the IRBA atwww.irba.co.za.
The Committee for Auditor Ethics (CFAE) of the IRBA will consider comments received on the proposed amendments prior to the IRBA Board approving and publishing the final amendments. All comments received will be regarded as being on public record unless confidentiality is requested.
Please submit written comments, in both Word and PDF format, preferably by email to:
The Director: Standards
Independent Regulatory Board for Auditors
For Attention: Mrs S D van Esch
E-mail:
Fax: +27 86 575 6535
Enquiries should be directed to Mrs S D van Esch:
Tel: +27 87 940 8871
Fax: +27 86 575 6535
Email:
(Signed)
B P Agulhas
Chief Executive Officer
Independent Regulatory Board for Auditors
COMPANIES ACT, 2008: AMENDMENT TO REGULATIONS
/KEY WORDS
COMPANIES ACT, 2008
AMENDMENT OF THE COMPANIES REGULATIONS, 2011
IN A NUTSHELL
TAKE NOTE OF THE PROPOSED AMENDMENTS TO THE Companies Regulation, 2011, published under Government Notice No. R.351 in Government Gazette No.34239 of 26 April 2011.
Amendment of Regulation 15(3)(b)
2. Regulation 15(3)(b) is hereby amended by the substitution in paragraph (b) of subsection (3) of the following sub-regulation:
"(b) the fee as set out in Table CR 2B,provided that such fee shall be waived if the amendment relates to a change of name of a company where the registration number of the company is the name of the company as contemplated in section 11(1)(b), andsubject to anyotherfee waiver provided for in the Act or the Regulations.".
THIS REGULATION CURRENTLY READS:
3) Within 10 business days after an amendment to a company's Memorandum of Incorporation has been effected in any manner contemplated in section 16 (1), the company must file a Notice of Amendment in Form CoR 15.2, together with—
(a) the relevant documents required by section 16 (7); and
(b) the fee set out in Table CR 2B, subject to any fee waiver provided for in the Act or these regulations.
SECTION 11(1) and (3) READS AS FOLLOWS
11. (1) Subject to subsections (2) and (3), a company name—
(b)in the case of a profit company, may be the registration number of the company together with the relevant expressions required by subsection (3).
11(3)
In addition to complying with the requirements of subsections (1) and (2)—
(a) if the name of a profit company is the company’s registration number, as contemplated in subsection (1)(b), that number must be immediately followed by the expression ‘‘(South Africa)’’;
(b) if the company’s Memorandum of Incorporation includes any provision contemplated in section 15(2)(b) or (c), the name must be immediately followed by the expression ‘‘(RF)’’; and
(c) a company name, irrespective of its form or language, must end with one of the following expressions, as appropriate for the category of the particular company:
(i)The word ‘‘Incorporated’’ or its abbreviation ‘‘Inc.’’, in the case of a personal liability company.
(ii)The expression ‘‘Proprietary Limited’’ or its abbreviation, ‘‘(Pty) Ltd.’’, in the case of a private company.
(iii)The word ‘‘Limited’’ or its abbreviation, ‘‘Ltd.’’, in the case of a public company.
(iv)The expression ‘‘SOC Ltd.’’ in the case of a state-owned company.
(v)The expression ‘‘NPC’’, in the case of a non-profit company.
REFERENCE
No. 78118 October 2013 (Government Gazette 36923)
COMPANIES ACT, 2008
AMENDMENT OF THE COMPANIES REGULATIONS, 2011
APPLIES TO IMPACT & ACTION
RE
Applies to:
Companies
Impact:
Where a Company changes its name , the fee shall be waived if the amendment relates to a change of name of a company where the registration number of the company in the case of a profit company, is the registration number of the company together with the relevant expressions required by subsection (3) andsubject to anyotherfee waiver provided for in the Act or the Regulations.".
(I’m of the view that this amendment does not make sense…)
Action:
Interested persons may submit written comments on the proposed amendment within thirty days from the day of publication thereof to:
The Director-General, Department of Trade and Industry
Private Bag X 84
Pretoria
0001
or
77 Meintjies Street
Block B, 1st Floor
Sunnyside
Pretoria
For Attention: Desmond Ramabulana
Fax no:
Email:
CUSTOMS CONTROL BILL, 2013
/KEY WORDS
SOUTH AFRICAN REVENUE SERVICE PUBLICATION OF EXPLANATORY SUMMARY OF THE CUSTOMS CONTROL BILL, 2013
IN A NUTSHELL
The Minister of Finance has introduced the Customs Control Bill, 2013, into the National Assembly on 24 October 2013.
The explanatory summary of the Bill is hereby published in accordance with Rule 241(1)(c) of the Rules of the National Assembly.