Victorian Numbered Regulations

ESTATE AGENTS (GENERAL, ACCOUNTS AND AUDIT) REGULATIONS 2018 (SR NO 48 OF 2018) - REG 18

    (1)     An estate agent who makes a payment from a trust account by cheque must keep a register of trust cheques which records—

        (a)     the serial number of each cheque; and

        (b)     the date a batch of cheques is received from the AFI; and

        (c)     the name of any employee or agent's representative to whom cheques are given; and

        (d)     the date cheques are given to an employee or agent's representative; and

        (e)     the date cheques are returned by an employee or agent's representative.

Penalty:     5 penalty units.

    (2)     For the purposes of subregulation (1), it is sufficient to record the number of the first and last trust cheques where they are part of a sequence of numbers.