3.2. To be considered for exemption, please take note of the following conditions:

• You must not be professionally active. This means that you may not perform any work related to business rescue, whether paid or unpaid, during the exemption period.
• The exemption must relate to an extended period of inactivity. Short-term breaks or temporary leave do not qualify.
• Exemption applications are assessed on a case-by-case basis.

3.3. If you meet the above criteria, you are required to submit a formal application for exemption each year, with supporting information detailing your circumstances and confirming that you will not be professionally active during the period in question. Please note:

• Exemptions are valid for one calendar year only. You must apply for exemption annually if the circumstances continue to apply.
• Once the circumstances under which the exemption was granted no longer apply, you must immediately inform your professional body.

3.4. Example of a valid exemption scenario

• A Business Rescue Practitioner taking extended family responsibility leave for the entire year, and who will not be performing any business rescue-related work, may apply for exemption.
• Important: Exemption is not automatic. A new application must be submitted each year, and all applications are subject to approval.

4. 2025 BUSINESS RESCUE PRACTITIONER ANNUAL EXEMPTION APPLICATION

4.1. By completing and submitting this Business Rescue Practitioner Annual Exemption Application, I, as the deponent, acknowledge that the facts contained therein and the exemption application request fall within my personal knowledge and belief, are true and correct.

Note: Active licensed BRP is defined as a Business Rescue Practitioner that has accepted a business rescue appointment during the period 1 January 2025 – 31 December 2025 and Inactive licensed BRP is defined as a Business Rescue Practitioner that has not accepted a business rescue appointment for 1 January 2025 – 31 December 2025.