Victorian Numbered Regulations Victorian Numbered Regulations(1) An estate agent must keep a trust account cash payments journal which records all daily payments of money out of the estate agent's trust account.
Penalty: 20 penalty units.
(2) Each entry in the trust account cash payments journal with respect to a payment of trust money must include the following particulars—
(a) if the payment is made by cheque, the particulars set out in regulation 18(1);
(b) if the payment is made by electronic funds transfer, the particulars set out in regulation 20(1).
Penalty: 10 penalty units.
(3) The particulars in relation to payments must be recorded in the order in which the payments are made.