Held by lawyers, not by us.
Every contribution is first paid into a separate Project trust account controlled by independent Stakeholder Lawyers — not into the operating account of PGSN or of any developer. What follows is the process as the agreement sets it out, in the agreement’s own words.
- Held in a separate trust account
- Your money is not in Amushelelo’s bank account
- Controlled under the stakeholder mandate
- Governed by a written agreement you keep a copy of
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01
Step 1
You contribute
All cash contributions are first paid into the separate Project trust account controlled by the Stakeholder Lawyers. They are not paid into the ordinary operating account of PGSN or of the future Developer.
Priority Agreement clause 3 (Stakeholder Account) and clause 9
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02
Step 2
Release is subject to Project controls
Before the Project Release Notice is issued, the cash remains under stakeholder control. After that notice, money may be released only under the stakeholder mandate, the approved Project budget and the applicable closing or milestone controls, and only for approved Project purposes.
Priority Agreement clause 9
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03
Step 3
Your Home Credit stays recorded
If cash is lawfully released and used for approved Project work, the qualifying amount remains recorded in your Home Credit Account.
Money already spent on the Project is not the same as cash held on demand. Cancellation, refunds and voluntary exits are governed by the Priority Agreement, and a voluntary cash exit depends on qualifying replacement reservation funds.
Priority Agreement clauses 9 and 12
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04
Step 4
You receive your property right under a separate agreement
When the relevant phase and tenure route are legally ready, eligible participants are invited under the priority system to select an available homesite and to consider a separate Definitive Property Agreement.
Once you accept that agreement and all its conditions are met, you receive the selected property right by transfer, registration or grant, depending on the legal tenure used.
Priority Agreement clauses 10 and 11
What this does and does not mean.
Your priority number is permanent
It is allocated when your agreement is accepted and it is not re-ordered. Missing a contribution does not take it away — clause 14.2 can suspend eligibility for new selection invitations after three unpaid contributions and 30 days’ notice, and clause 14.3 lets you restore good standing.
Selection is not first come, first served
Each Selection Batch of up to 100 draws, as nearly as practicable, half in original Plot Priority Number order and half in Home-Credit-Completed order, alternating between the two. Reaching your Category Credit Target sooner can bring your invitation forward.
Nothing is sold or allocated yet
Under clause 4.2 the individual homesites do not legally exist yet, and under clause 4.3 no homesite is sold, leased, allocated or reserved. What you hold is a category, a place in a queue and a Home Credit Balance.
A Home Credit Account is not a bank account
It is a Project ledger. It is not a savings account, not an investment and not a deposit-taking product, and no interest is credited on it.
No debit order is active until a bank says so
Nothing is collected from your account until a mandate is completed and an authorised bank or collection administrator confirms activation. Your portal shows that status in plain words.
This is a development, and developments carry risk
Timelines depend on approvals, engineering and funding. The agreement sets out what happens on cancellation, on termination and on a voluntary exit, and those provisions exist because outcomes vary. Read clause 12 before you sign.
Read the agreement before you sign it.
The full Private Estate Plot Priority and Reservation Agreement V-9.8 is shown in the application, and you can download your signed copy afterwards. Independent legal advice is your right and we encourage it.