South Australian Current Regulations

LAND AGENTS REGULATIONS 2010

- under the Land Agents Act 1994

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