The Association of Insolvency Practitioners of Southern Africa

Membership Guidelines

Members of the Association shall be divided into the following categories, whose qualifications and methods of election shall be as follows:

Honorary Members

Persons who have enjoyed a distinguished career in the field of insolvency administration, commerce or education or in the Office of the Master or who, in the opinion of the Council, are qualified for such membership. Election of honorary members shall be by the Association in General Meeting upon nomination by the Council. Despite election no person shall become an honorary member unless he/she has agreed in writing to his/her election or accepted honorary membership after election.

Practicing Members

Any individual who is either:

• An Attorney, qualified as such, who is a member of a Law Society within the Republic and who is actively engaged in insolvency administration, as defined
• A Chartered Accountant, qualified as such, who is member of the South African Institute of Chartered Accountants and who is actively engaged in insolvency administration, as defined.
• Any other person who has passed the examination set by the Association from time to time or who has in the opinion of the Council an equivalent qualification and who is actively engaged in insolvency administration, as defined.
• An existing member of the Association as at 31 December 2000 who is actively engaged in insolvency administration, as defined, as at that date.
   

Non-Practicing Members

Any individual who is:

• An Attorney, qualified as such, who is a member of a Law Society within the Republic, or a Chartered Accountant, qualified as such, who is a member of the South African Institute of Chartered Accountants, who is not actively engaged in insolvency administration, as defined.
• Any other person who has passed the examination set by the Association from time to time or who has in the opinion of the Council an equivalent qualification and who is not actively engaged in insolvency administration, as define.
• Any other person who in the opinion of the Council, has an interest in insolvency administration, and/or has suitable experience in insolvency administration.
• An existing member of the Association as at 31 December 2000 who is not actively engaged in insolvency administration, as defined, as at that date.
   

Change of membership

Any non-practising member can, at any time become eligible to be admitted as a practising member may apply to the Council for a change of membership from a non-practising to a practising member.