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STATUTES AMENDMENT (REAL ESTATE INDUSTRY REFORM) ACT 2007 (NO 28 OF
2007)
TABLE OF PROVISIONS
Long Title
PART 1--Preliminary
1. Short title
2. Commencement
3. Amendment provisions
PART 2--Amendment of Conveyancers Act 1994
4. Amendment of section 7--Entitlement to be registered
5. Amendment of section 14--Interpretation of Part 4
6. Amendment of section 31--Indemnity fund
7. Amendment of section 32--Claims on indemnity fund
8. Amendment of section 34--Establishment and determination of claims
9. Amendment of section 45--Cause for disciplinary action
PART 3--Amendment of Land Agents Act 1994
10. Amendment of section 3--Interpretation
11. Amendment of section 6--Agents to be registered
12. Insertion of sections 6A and 6B
13. Amendment of section 7--Application for registration
14. Amendment of section 8--Entitlement to be registered as agent
15. Substitution of section 8A
16. Amendment of section 9--Duration of registration and annual fee and return
17. Substitution of section 11
18. Amendment of section 12--Interpretation of Part 3
19. Amendment of section 22--Audit of trust accounts
20. Amendment of section 29--Indemnity fund
21. Amendment of section 30--Claims on indemnity fund
22. Amendment of section 32--Establishment and determination of claims
23. Amendment of section 42--Interpretation of Part 4
24. Substitution of section 43
25. Amendment of section 47--Disciplinary action
26. Insertion of section 48A
27. Amendment of section 52--Register
28. Amendment of section 62--Evidence
29. Amendment of section 63--Service of documents
30. Amendment of section 65--Regulations
PART 4--Amendment of Land and Business (Sale and Conveyancing) Act 1994
31. Amendment of section 3--Interpretation
32. Amendment of section 4--Meaning of small business
33. Amendment of section 5--Cooling-off
34. Amendment of section 6--Abolition of instalment purchase or rental purchase arrangements
35. Amendment of section 7--Particulars to be supplied to purchaser of land before settlement
36. Amendment of section 8--Particulars to be supplied to purchaser of small business before settlement
37. Amendment of section 9--Verification of vendor's statement
38. Amendment of section 13--False certificate
39. Insertion of section 13A
40. Amendment of section 14--Offence to contravene Part
41. Amendment of section 17--Service of vendor's statement etc
42. Amendment of section 19--Inducement to buy subdivided land
43. Substitution of Part 4
PART 4--Special requirements relating to agents and sales representatives
PART 4A--Auctions
44. Amendment of section 26--Interpretation of
45. Amendment of section 27--Preparation of conveyancing instrument for fee or reward
46. Amendment of section 28--Preparation of conveyancing instrument by agent or related person
47. Amendment of section 29--Procuring or referring conveyancing business
48. Amendment of section 30--Conveyancer not to act for both parties unless authorised by regulations
49. Amendment of section 33--No exclusion etc of rights conferred or conditions implied or applied by Act
50. Amendment of section 36--False or misleading representation
51. Insertion of sections 37, 37A and 37B
52. Amendment of section 41--Regulations
53. Insertion of section 42
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