National Treasury issued a government notice on Friday 20 February 2015.
The notice indicates that the Minister of Finance, under section 72(1)(gA) of the Long-term Insurance Act, has amended Part 4 of the Regulations made under section 72 of the Long-term Insurance Act. The amendment takes effect on 1 March 2015.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.