LAND AGENTS REGULATIONS 2010

Table of Provisions

PART 1--Preliminary

• 1 Short title
• 3 Interpretation
• 4 Fees--waiver, reduction and refund

PART 2--Registration and management of agent's business

• 4A Definition of property manager
• 5 Registration as sales representative subject to conditions relating to training and supervision
• 5A Registration as property manager subject to conditions relating to training and supervision
• 6 Annual fee and return
• 7 Notification of change in circumstances
• 8 Return or replacement of certificate of registration and card
• 9 Each of agent's places of business to be properly managed and supervised
• 10 Regulations relating to proper management and supervision

PART 3--Trust accounts and indemnity fund

Division 1--Preliminary

• 11 Interpretation of
PART 3
• 12 Exemptions

Division 2--Trust accounts

• 13 Electronic records relating to trust accounts
• 14 Payment of interest on trust accounts to Commissioner
• 15 Receipt of trust money
• 16 Payment of trust money
• 17 Keeping of records
• 18 Cash books
• 19 Separate trust ledger accounts
• 20 Reconciliation statements
• 21 Transfer of money from trust account to office account
• 22 Audit of trust accounts
• 23 Agent's statement
• 24 Audit when agent ceases to carry on business
• 25 Audit and report etc for firm operates for each partner
• 26 Certain persons may not audit accounts and records of agent

Division 3--Indemnity fund

• 27 Indemnity fund
• 28 Establishment and determination of claims
• 29 Claimant's entitlement to compensation and interest
Legislative history