LAND AGENTS REGULATIONS 2010 (NO 186 OF 2010)
- under the Land Agents Act 1994
Table of Provisions
PART 1--Preliminary
- 1 Short title
- 2 Commencement
- 3 Interpretation
- 4 Fees--payment, waiver, reduction and refund
PART 2--Registration and management of agent's business
- 5 Entitlement to be registered as sales representative 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