Agricultural Produce Agents Act, 1992 (Act No. 12 of 1992)20. Payment from trust account |
| (1) | A fresh produce agent shall pay to his or her principal from his or her trust account the proceeds of the sale of an agricultural product after he or she has deducted from such proceeds his or her remuneration and the other reasonable expenses incurred by him or her in connection with the sale of that agricultural product. |
| (2) |
| (a) | If the amount to be paid by a fresh produce agent to his or her principal in terms of subsection (1) has not been claimed by the principal within 200 days 15 after the sale, that fresh produce agent shall pay the amount from his or her trust account to the council, and furnish the council with the particulars required in the rules in connection therewith. |
| (b) | Money so paid to the council shall be dealt with in the manner set out in section 21. |
| (3) | Any withdrawal from a trust account for the purposes of a payment or deduction referred to in subsection (1), the withdrawal of interest earned on a trust account or an interest-bearing account referred to in section 19(3)(a), and any payment to the council in terms of subsection (2) of this section, shall be made at the time and in the manner set out in the rules. |
| (4) | No withdrawals other than those specified in subsection (3) shall be made from a trust account or a savings or interest-bearing account referred to in section 19(3)(a): Provided that any fees charged by the institution at which they are kept shall be debited against the business account of the fresh produce agent. |
[Section 20 substituted by section 19 of Act No. 47 of 2003]