Victorian Consolidated Legislation

Conveyancers Act 2006 - SECT 51

Supervision of conveyancing business

51. Supervision of conveyancing business



(1) A licensee who carries on a conveyancing business must properly supervise
the conduct of the business.

Penalty: For a natural person, 120 penalty units; For a corporation, 240
penalty units.

(2) Subject to section 52, a licensee who carries on a conveyancing business
from more than one place of business must appoint a natural person who is also
a licensee to manage the day to day operation of each place of the business.

Penalty: 60 penalty units.

(3) If a licensee is appointed to manage the day to day operation of a place
of business forming part of a conveyancing business, the licensee must
properly supervise the conduct of that part of the conveyancing business
carried on at that place.

Penalty: For a natural person, 120 penalty units; For a corporation, 240
penalty units.



(4) A requirement under this section to properly supervise the conduct of a
conveyancing business, or a part of a conveyancing business, includes the
following requirements-

   (a)  a requirement to properly supervise employees engaged in the
        conveyancing business;

   (b)  a requirement to take reasonable steps to ensure that employees of the
        conveyancing business comply with this Act and the regulations, the
        Sale of Land Act 1962 and any other law relevant to the conduct of the
        business;

   (c)  a requirement to establish procedures designed to ensure that the
        conveyancing business is conducted in accordance with the law and good
        practice;

   (d)  a requirement to monitor the conduct of the conveyancing business in a
        manner that will ensure as far as practicable that the procedures
        referred to in paragraph (c) are complied with.

(5) The Director may issue and notify to licensees guidelines regarding what
constitutes the proper supervision of a conveyancing business.