CONVEYANCERS ACT 2006 - SECT 79 Reporting irregularities
CONVEYANCERS ACT 2006 - SECT 79
Reporting irregularities(1) As soon as practicable after a licensee becomes aware that there is an irregularity in any of the licensee's trust accounts or trust ledger accounts, the licensee must give written notice of the irregularity to the Director.
Penalty: 60 penalty units.
(2) A licensee is not liable for any loss or damage suffered by another person as a result of the licensee's compliance with subsection (1).