Victorian Numbered Regulations

ESTATE AGENTS (GENERAL, ACCOUNTS AND AUDIT) REGULATIONS 2018 (SR NO 48 OF 2018) - REG 32

An estate agent must ensure that—

        (a)     a backup copy of all records required by this Part is made not less frequently than once each month; and

        (b)     each backup copy is retained by the estate agent in charge of the estate agency business or the officer in effective control in charge of the estate agency business of a corporation; and

        (c)     a complete set of the backup copies is kept in a separate location so that any incident that may adversely affect the records would not also affect the backup copies.

Penalty:     20 penalty units.

Division 4—Audit of trust accounts