Land Agents Regulations 2010 (SA)

South Australia Land Agents Regulations 2010 under the Land Agents Act 1994

Contents Part 1—Preliminary 1 Short title 3 Interpretation 4 Fees—waiver, reduction and refund Part 2—Registration and management of agent's business 4A Definition of property manager 5 Registration as sales representative subject to conditions relating to training and supervision 5A Registration as property manager subject to conditions relating to training and supervision 6 Annual fee and return 7 Notification of change in circumstances 8 Return or replacement of certificate of registration and card 9 Each of agent's places of business to be properly managed and supervised 10 Regulations relating to proper management and supervision Part 3—Trust accounts and indemnity fund Division 1—Preliminary 11 Interpretation of Part 3 12 Exemptions Division 2—Trust accounts 13 Electronic records relating to trust accounts 14 Payment of interest on trust accounts to Commissioner 15 Receipt of trust money 16 Payment of trust money 17 Keeping of records 18 Cash books 19 Separate trust ledger accounts 20 Reconciliation statements 21 Transfer of money from trust account to office account 22 Audit of trust accounts 23 Agent's statement 24 Audit when agent ceases to carry on business 25 Audit and report etc for firm operates for each partner 26 Certain persons may not audit accounts and records of agent Division 3—Indemnity fund 27 Indemnity fund 28 Establishment and determination of claims 29 Claimant's entitlement to compensation and interest Legislative history

Part 1—Preliminary 1—Short title These regulations may be cited as the Land Agents Regulations 2010. 3—Interpretation In these regulations— Act means the Land Agents Act 1994; BSB number (Bank State Branch number) means the number assigned to identify a particular branch of a particular ADI. 4—Fees—waiver, reduction and refund The Commissioner may waive, reduce or refund a fee (or part of a fee) prescribed for the purposes of the Act if satisfied that it is appropriate to do so in a particular case.