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MOU addresses Real Estate compliance issues

August 8, 2018 5:17 pm

A partnership has been signed between the Fiji National Provident Fund and the Real Estate Agents Licensing Board that will help address the ongoing compliance issues pertaining to the real estate industry.

FNPF Chief Executive, Jaoji Koroi says there is a lack of compliance amongst real estate companies, even though the FNPF Act 2011 is clear on the income that are FNPF deductible.

Koroi says the law is applicable to everyone and these companies’ ignorance is not an excuse for non-compliance.

The memorandum of understanding that was signed yesterday allows FNPF to access information of members involved in the real estate company’s dealings.

The MOU is effective from today.

News

MOU addresses Real Estate compliance issues

August 8, 2018 4:31 am

A partnership has been signed between the Fiji National Provident Fund and the Real Estate Agents Licensing Board that will help address the ongoing compliance issues pertaining to the real estate industry.

FNPF Chief Executive, Jaoji Koroi says there is a lack of compliance amongst real estate companies, even though the FNPF Act 2011 is clear on the income that are FNPF deductible.

Koroi says the law is applicable to everyone and these companies’ ignorance is not an excuse for non-compliance.

The memorandum of understanding that was signed today allows FNPF to access information of members involved in the real estate company’s dealings.

The MOU is effective from today.