Victorian Numbered Regulations

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ESTATE AGENTS (GENERAL, ACCOUNTS AND AUDIT) REGULATIONS 2018 (SR NO 48 OF 2018) - REG 10

Establishment of trust account

    (1)     A trust account established at an AFI under section 59(3) of the Act must include in the name of the account—

        (a)     the name under which the estate agent is licensed to carry on business as an estate agent; and

        (b)     the expression "estate agency business statutory trust account" or "estate agency business statutory trust a/c".

    (2)     Subregulation (1) does not apply to an account established in Victoria before 21 May 2008.

    (3)     Subregulation (1)(b) does not require the repetition of the words "estate agency business" if those words form part of the name of the estate agency business.



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