POPI ACT. The sellers and the purchasers hereby consent to the developer / estate agent and conveyancing attorney and their staff processing our personal information for the purpose of attending to the property transfer, finalising the finances, disclosing current mortgage bond account details to facilitate the issuing of bank guarantees, attending to the necessary pay-out which would require my bank account details and arranging for the lodgement and registration of the transfer in the Deeds office. SIGNED by the Purchaser at on 1. PURCHASER 1 PURCHASER 2 herein represented by (if the Purchaser is a Company / Close Corporation) SIGNED by the Seller at on 2. To: INC Attorneys, Notaries & Conveyancers OF: UNIT/SECTION THE BEDFORDVIEW FRONTIER I/We, the undersigned, being the Transferee/s in the abovementioned transaction, hereby confirm my/our instructions to INC to invest all funds paid to INC by me/us on account of the purchase price, on the basis that: 1. the amount is invested in a trust savings account or other interest-bearing account; 2. the account contains a reference to Section 86(4) of the Legal Practice Act, 2014 (Act 28 of 2014); 3. In terms of section 86(5) of the Legal Practice Act No. 28 of 2014, 5% of the interest which accrues on such investment must be paid over to the Legal Practitioners Fidelity Fund and vests in the Fund; 4. the interest which accrues on such investment is to be for the company/close corporation/my benefit and is to be paid to me/us/it into the bank account indicated in the attached Personal Information document, after deducting your professional fee and costs for administering the investment, as soon as possible after the date of registration of the above-mentioned transaction; 5. the capital amount invested is to be paid in accordance with the transferor's instructions on the date of registration of transfer. 6. I am aware of the fact that while the funds are so invested with the said bank, the funds are not protected against a possible liquidation of the said bank. Full name: Identity no/Registration no: Income tax no: South African resident (yes/no): Physical address: Postal address: Fax no (incl. area code): Balance to: Bank Name: Account no.: Branch no.: This Notice explains how we obtain, use and disclose your personal information, in accordance with the requirements of the Protection of Personal Information Act (“POPIA”). We are committed to protecting your privacy and to ensure that your personal information is collected and used properly, lawfully and transparently. We collect and process your personal information mainly to contact you for the purposes of understanding your requirements, and delivering services accordingly. For this purpose we will collect contact details including your name and organisation. We collect information directly from you where you provide us with your personal details. Where possible, we will inform you what information you are required to provide to us and what information is optional. Website usage information may be collected using “cookies” which allows us to collect standard internet visitor usage information. We will use your personal information only for the purposes for which it was collected and agreed with you. In addition, where necessary your information may be retained for legal or research purposes. For example: To gather contact information; To confirm and verify your identity or to verify that you are an authorised user for security purposes; For the detection and prevention of fraud, crime, money laundering or other malpractice; To conduct market or customer satisfaction research or for statistical analysis; For audit and record keeping purposes; In connection with legal proceedings. We may disclose your personal information to our service providers who are involved in the delivery of our products or services to you. We have agreements in place to ensure that they comply with the privacy requirements as required by the Protection of Personal Information Act. We may also disclose your information: Where we have a duty or a right to disclose in terms of law or industry codes; Where we believe it is necessary to protect our rights.
Appears in 1 contract
Sources: Agreement of Sale
POPI ACT. The sellers and the purchasers hereby consent to the developer / estate agent and conveyancing attorney and their staff processing our personal information for the purpose of attending to the property transfer, finalising the finances, disclosing current mortgage bond account details to facilitate the issuing of bank guarantees, attending to the necessary pay-out which would require my bank account details and arranging for the lodgement and registration of the transfer in the Deeds office. SIGNED by the Purchaser at on
1. PURCHASER 1 PURCHASER 2 herein represented by (if the Purchaser is a Company / Close Corporation) SIGNED by the Seller at on 2. To: INC Attorneys, Notaries & Conveyancers OF: UNIT/SECTION THE BEDFORDVIEW FRONTIER I/We, the undersigned, being the Transferee/s in the abovementioned transaction, hereby confirm my/our instructions to INC to invest all funds paid to INC by me/us on account of the purchase price, on the basis that:
1. the amount is invested in a trust savings account or other interest-bearing account;
2. the account contains a reference to Section 86(4) of the Legal Practice Act, 2014 (Act 28 of 2014);
3. In terms of section 86(5) of the Legal Practice Act No. 28 of 2014, 5% of the interest which accrues on such investment must be paid over to the Legal Practitioners Fidelity Fund and vests in the Fund;
4. the interest which accrues on such investment is to be for the company/close corporation/my benefit and is to be paid to me/us/it into the bank account indicated in the attached Personal Information document, after deducting your professional fee and costs for administering the investment, as soon as possible after the date of registration of the above-mentioned transaction;
5. the capital amount invested is to be paid in accordance with the transferor's instructions on the date of registration of transfer.
6. I am aware of the fact that while the funds are so invested with the said bank, the funds are not protected against a possible liquidation of the said bank. Full name: Identity no/Registration no: Income tax no: South African resident (yes/no): Physical address: Postal address: Tel no (incl. area code): Fax no (incl. area code): Balance to: Bank Name: Account no.: Branch no.: This Notice explains how we obtain, use and disclose your personal information, in accordance with the requirements of the Protection of Personal Information Act (“POPIA”). We are committed to protecting your privacy and to ensure that your personal information is collected and used properly, lawfully and transparently. We collect and process your personal information mainly to contact you for the purposes of understanding your requirements, and delivering services accordingly. For this purpose we will collect contact details including your name and organisation. We collect information directly from you where you provide us with your personal details. Where possible, we will inform you what information you are required to provide to us and what information is optional. Website usage information may be collected using “cookies” which allows us to collect standard internet visitor usage information. We will use your personal information only for the purposes for which it was collected and agreed with you. In addition, where necessary your information may be retained for legal or research purposes. For example: To gather contact information; To confirm and verify your identity or to verify that you are an authorised user for security purposes; For the detection and prevention of fraud, crime, money laundering or other malpractice; To conduct market or customer satisfaction research or for statistical analysis; For audit and record keeping purposes; In connection with legal proceedings. We may disclose your personal information to our service providers who are involved in the delivery of our products or services to you. We have agreements in place to ensure that they comply with the privacy requirements as required by the Protection of Personal Information Act. We may also disclose your information: Where we have a duty or a right to disclose in terms of law or industry codes; Where we believe it is necessary to protect our rights.
Appears in 1 contract
Sources: Agreement of Sale