{"id":37772,"date":"2024-11-15T15:55:38","date_gmt":"2024-11-15T13:55:38","guid":{"rendered":"https:\/\/stbb.co.za\/dev2\/?p=37772"},"modified":"2024-11-15T17:08:04","modified_gmt":"2024-11-15T15:08:04","slug":"blog-reminder-d-day-for-lodging-beneficial-ownership-registers","status":"publish","type":"post","link":"https:\/\/stbb.co.za\/dev2\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\/","title":{"rendered":"Blog | Reminder: D-day for lodging beneficial ownership registers"},"content":{"rendered":"

Designed to enhance transparency of the regulatory regime governing the beneficial ownership of trusts, the Trust Property Control Act (\u2018the Act\u2019) and its Regulations were amended in 2023 to facilitate the introduction of progressive reporting mechanisms.<\/p>\n

Resultantly, trustees are statutorily obligated to, inter alia<\/em>, keep up-to-date records of the beneficial owners of trusts and to submit a register of the prescribed information regarding beneficial ownership to the Office of the Master of the High Court.<\/p>\n

Although the amendments took effect on 1st<\/sup> April 2023, no deadline was ever specified for the lodgement of beneficial ownership registers. However, the Master recently confirmed that the deadline for filing this information is today, 15th<\/sup> November 2024.<\/p>\n

Notably, the Act introduces stern penalties for non-compliance, namely a maximum fine of R10 million, five years\u2019 imprisonment, or both. In September, the Department of Justice and Correctional Services clarified that non-compliant trustees would face \u2018harsh\u2019 penalties for non-adherence given existing low levels of compliance and South Africa\u2019s ongoing bid to exit the FATF\u2019s grey list.<\/p>\n

As such, it is imperative that trustees comply with these legislative obligations and submit their beneficial ownership registers as soon as reasonably possible to avoid punitive consequences.<\/p>\n

STBB\u2019s trust law specialists advise on various trust-related matters, including the formation and registration of trusts, amendments to trust instruments, and the lodgement of beneficial ownership registers.<\/p>\n

For expert legal assistance, contact our specialists at trusts@stbb.co.za<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Designed to enhance transparency of the regulatory regime governing the beneficial ownership of trusts, the Trust Property Control Act (\u2018the Act\u2019) and its Regulations were amended in 2023 to facilitate the introduction of progressive reporting mechanisms. Resultantly, trustees are statutorily<\/p>\n","protected":false},"author":364,"featured_media":37773,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[91,87,137],"tags":[],"class_list":["post-37772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles-published-wills-trusts-and-deceased-estates","category-blog","category-latest"],"acf":[],"yoast_head":"\nBlog | Reminder: D-day for lodging beneficial ownership registers - STBB<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stbb.co.za\/dev2\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samantha Smith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\\\/\"},\"author\":{\"name\":\"Samantha Smith\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#\\\/schema\\\/person\\\/805b4884d2d0620da8c730a20588b52a\"},\"headline\":\"Blog | Reminder: D-day for lodging beneficial ownership registers\",\"datePublished\":\"2024-11-15T13:55:38+00:00\",\"dateModified\":\"2024-11-15T15:08:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\\\/\"},\"wordCount\":243,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/HeaderFilingTime.png\",\"articleSection\":[\"Articles Published - Wills, Trusts and Deceased Estates\",\"Blog\",\"Latest\"],\"inLanguage\":\"en-ZA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\\\/\",\"url\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\\\/\",\"name\":\"Blog | Reminder: D-day for lodging beneficial ownership registers - STBB\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/HeaderFilingTime.png\",\"datePublished\":\"2024-11-15T13:55:38+00:00\",\"dateModified\":\"2024-11-15T15:08:04+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\\\/#breadcrumb\"},\"inLanguage\":\"en-ZA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-ZA\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\\\/#primaryimage\",\"url\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/HeaderFilingTime.png\",\"contentUrl\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/HeaderFilingTime.png\",\"width\":700,\"height\":328},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Articles Published - Wills, Trusts and Deceased Estates\",\"item\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/category\\\/articles-published-wills-trusts-and-deceased-estates\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Blog | Reminder: D-day for lodging beneficial ownership registers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#website\",\"url\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/\",\"name\":\"STBB\",\"description\":\"Welcome to STBB - We deal with every legal matter\",\"publisher\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-ZA\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#organization\",\"name\":\"STBB\",\"url\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-ZA\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/STBB_logo_2025.png\",\"contentUrl\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/STBB_logo_2025.png\",\"width\":218,\"height\":66,\"caption\":\"STBB\"},\"image\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/company\\\/thebigsmallfirm\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#\\\/schema\\\/person\\\/805b4884d2d0620da8c730a20588b52a\",\"name\":\"Samantha Smith\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-ZA\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7f71900525e21469f789274d11fb4a6ecabdf5fd8022613ca764c6073933f3cb?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7f71900525e21469f789274d11fb4a6ecabdf5fd8022613ca764c6073933f3cb?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7f71900525e21469f789274d11fb4a6ecabdf5fd8022613ca764c6073933f3cb?s=96&d=mm&r=g\",\"caption\":\"Samantha Smith\"},\"description\":\"Dr Samantha Smith is a creative Attorney holding a BSocSci, LLB, LLM, and PhD (Law) from UCT.\u00a0 She leads\u00a0content marketing & strategy across STBB's channels, thought leadership, SEO, and legal marketing collateral.\",\"url\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/author\\\/samanthasstbb-co-za\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Blog | Reminder: D-day for lodging beneficial ownership registers - STBB","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/stbb.co.za\/dev2\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\/","twitter_misc":{"Written by":"Samantha Smith","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/stbb.co.za\/dev2\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\/#article","isPartOf":{"@id":"https:\/\/stbb.co.za\/dev2\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\/"},"author":{"name":"Samantha Smith","@id":"https:\/\/stbb.co.za\/dev2\/#\/schema\/person\/805b4884d2d0620da8c730a20588b52a"},"headline":"Blog | Reminder: D-day for lodging beneficial ownership registers","datePublished":"2024-11-15T13:55:38+00:00","dateModified":"2024-11-15T15:08:04+00:00","mainEntityOfPage":{"@id":"https:\/\/stbb.co.za\/dev2\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\/"},"wordCount":243,"commentCount":0,"publisher":{"@id":"https:\/\/stbb.co.za\/dev2\/#organization"},"image":{"@id":"https:\/\/stbb.co.za\/dev2\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\/#primaryimage"},"thumbnailUrl":"https:\/\/stbb.co.za\/dev2\/wp-content\/uploads\/2024\/11\/HeaderFilingTime.png","articleSection":["Articles Published - Wills, Trusts and Deceased Estates","Blog","Latest"],"inLanguage":"en-ZA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/stbb.co.za\/dev2\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/stbb.co.za\/dev2\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\/","url":"https:\/\/stbb.co.za\/dev2\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\/","name":"Blog | Reminder: D-day for lodging beneficial ownership registers - STBB","isPartOf":{"@id":"https:\/\/stbb.co.za\/dev2\/#website"},"primaryImageOfPage":{"@id":"https:\/\/stbb.co.za\/dev2\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\/#primaryimage"},"image":{"@id":"https:\/\/stbb.co.za\/dev2\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\/#primaryimage"},"thumbnailUrl":"https:\/\/stbb.co.za\/dev2\/wp-content\/uploads\/2024\/11\/HeaderFilingTime.png","datePublished":"2024-11-15T13:55:38+00:00","dateModified":"2024-11-15T15:08:04+00:00","breadcrumb":{"@id":"https:\/\/stbb.co.za\/dev2\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\/#breadcrumb"},"inLanguage":"en-ZA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/stbb.co.za\/dev2\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\/"]}]},{"@type":"ImageObject","inLanguage":"en-ZA","@id":"https:\/\/stbb.co.za\/dev2\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\/#primaryimage","url":"https:\/\/stbb.co.za\/dev2\/wp-content\/uploads\/2024\/11\/HeaderFilingTime.png","contentUrl":"https:\/\/stbb.co.za\/dev2\/wp-content\/uploads\/2024\/11\/HeaderFilingTime.png","width":700,"height":328},{"@type":"BreadcrumbList","@id":"https:\/\/stbb.co.za\/dev2\/blog-reminder-d-day-for-lodging-beneficial-ownership-registers\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/stbb.co.za\/dev2\/"},{"@type":"ListItem","position":2,"name":"Articles Published - Wills, Trusts and Deceased Estates","item":"https:\/\/stbb.co.za\/dev2\/category\/articles-published-wills-trusts-and-deceased-estates\/"},{"@type":"ListItem","position":3,"name":"Blog | Reminder: D-day for lodging beneficial ownership registers"}]},{"@type":"WebSite","@id":"https:\/\/stbb.co.za\/dev2\/#website","url":"https:\/\/stbb.co.za\/dev2\/","name":"STBB","description":"Welcome to STBB - We deal with every legal matter","publisher":{"@id":"https:\/\/stbb.co.za\/dev2\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/stbb.co.za\/dev2\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-ZA"},{"@type":"Organization","@id":"https:\/\/stbb.co.za\/dev2\/#organization","name":"STBB","url":"https:\/\/stbb.co.za\/dev2\/","logo":{"@type":"ImageObject","inLanguage":"en-ZA","@id":"https:\/\/stbb.co.za\/dev2\/#\/schema\/logo\/image\/","url":"https:\/\/stbb.co.za\/dev2\/wp-content\/uploads\/2025\/06\/STBB_logo_2025.png","contentUrl":"https:\/\/stbb.co.za\/dev2\/wp-content\/uploads\/2025\/06\/STBB_logo_2025.png","width":218,"height":66,"caption":"STBB"},"image":{"@id":"https:\/\/stbb.co.za\/dev2\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/thebigsmallfirm"]},{"@type":"Person","@id":"https:\/\/stbb.co.za\/dev2\/#\/schema\/person\/805b4884d2d0620da8c730a20588b52a","name":"Samantha Smith","image":{"@type":"ImageObject","inLanguage":"en-ZA","@id":"https:\/\/secure.gravatar.com\/avatar\/7f71900525e21469f789274d11fb4a6ecabdf5fd8022613ca764c6073933f3cb?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/7f71900525e21469f789274d11fb4a6ecabdf5fd8022613ca764c6073933f3cb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7f71900525e21469f789274d11fb4a6ecabdf5fd8022613ca764c6073933f3cb?s=96&d=mm&r=g","caption":"Samantha Smith"},"description":"Dr Samantha Smith is a creative Attorney holding a BSocSci, LLB, LLM, and PhD (Law) from UCT.\u00a0 She leads\u00a0content marketing & strategy across STBB's channels, thought leadership, SEO, and legal marketing collateral.","url":"https:\/\/stbb.co.za\/dev2\/author\/samanthasstbb-co-za\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/stbb.co.za\/dev2\/wp-content\/uploads\/2024\/11\/HeaderFilingTime.png","_links":{"self":[{"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/posts\/37772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/users\/364"}],"replies":[{"embeddable":true,"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/comments?post=37772"}],"version-history":[{"count":4,"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/posts\/37772\/revisions"}],"predecessor-version":[{"id":37777,"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/posts\/37772\/revisions\/37777"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/media\/37773"}],"wp:attachment":[{"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/media?parent=37772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/categories?post=37772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/tags?post=37772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}