Victorian Numbered Regulations Victorian Numbered Regulations(1) An estate agent must keep a trust account cash receipts journal which records all daily receipts of money into the estate agent's trust account.
Penalty: 20 penalty units.
(2) Each entry in the cash receipts journal with respect to a receipt of trust money must include the following particulars—
(a) the date the receipt is made out and, if different, the date of receipt of the money;
(b) the receipt number;
(c) the form in which the money was received including cash, cheque, electronic funds transfer or otherwise;
(d) the name of the person from whom the money was received;
(e) the name and reference number or other identification of the person on whose behalf the money was received;
(f) particulars sufficient to identify the purpose for which the money was received;
(g) details identifying the ledger account to be credited;
(h) the amount of the money received.
Penalty: 10 penalty units.
(3) The particulars in relation to receipts must be recorded in the order in which the receipts are made out.