New South Wales Consolidated Regulations

PROPERTY, STOCK AND BUSINESS AGENTS REGULATION 2003 - REG 41

41 Complaints and discipline

(1) The following provisions of the Act are prescribed as provisions that remain applicable to a suspended licence or certificate of registration for the purposes of section 192 of the Act:

(a) section 74 (Requirement to substantiate selling price estimates-residential property),

(b) section 100 (Director-General may require information),

(c) section 107 (Power to require production of licensee’s records),

(d) sections 111 (Requirement for audit) and 113 (Statutory declaration required when no trust money held or received), except when a receiver or manager has been appointed,

(e) section 179 (Production of documents),

(f) section 184 (Powers of accounts examiner),

(g) section 211 (Fraudulent conversion and false accounts of money received by licensee or registered person),

(h) section 212 (Fraudulent accounts for expenses, commission and other charges).

(2) The following provisions of this Regulation are prescribed as provisions that remain applicable to a suspended licence or certificate of registration for the purposes of section 192 of the Act:

(a) clause 9 (Itemised account),

(b) clause 32 (Furnishing of particulars of trust account or transactions),

(c) clause 40 (Managing agent to permit executive committee to inspect records).