Victorian Numbered Regulations

ESTATE AGENTS (GENERAL, ACCOUNTS AND AUDIT) REGULATIONS 2018 (SR NO 48 OF 2018) - REG 29

An estate agent must keep a record, compiled in chronological sequence, of the creation, amendment or deletion of information in the computerised accounting system of the estate agency business in relation to the following—

        (a)     the principal's name;

        (b)     the principal's address;

        (c)     the principal's reference number or other identification;

        (d)     a description of the transaction;

        (e)     a ledger account reference number or other identification for each trust ledger account;

        (f)     a ledger account number—

disclosing the details before and after the creation, amendment or deletion of the information.

Penalty:     20 penalty units.