New South Wales Consolidated Acts

PROPERTY AND STOCK AGENTS ACT 2002 - SECT 230

230 Regulations

(1) The Governor may make regulations, not inconsistent with this Act, for or with respect to any matter that by this Act is required or permitted to be prescribed or that is necessary or convenient to be prescribed for carrying out or giving effect to this Act.

(2) In particular the Governor may make regulations for or with respect to--

(a) prescribing the procedure to be followed in respect of applications under this Act,

(b) fixing the maximum amount of remuneration to which a licensee is entitled, by way of commission, fee, gain or reward, for services performed by him or her as a licensee,

(c) requiring licensees to display or otherwise publicise or give notice of particulars of their remuneration and prescribe the consequences of a failure to comply with any such requirement,

(d) prescribing the accounts and other records to be kept by a licensee and the manner in which they are to be kept,

(e) prescribing the conditions applicable to and in respect of the sale by auction of land or livestock,

(f) prescribing the manner in which the conditions of the sale by auction of land or livestock must be notified,

(g) prescribing a method of service (which may include electronic transmission) of any notice, statement of claim, order or other document authorised or required to be served by or under a provision of this Act, either in addition to or as an alternative to a method of service provided for by the provision concerned,

(g1) fees payable under this Act or the regulations,

(g2) the waiver, reduction, postponement or refund by the Secretary of fees payable or paid under this Act or the regulations,

(h) prescribing exemptions from the operation of this Act or specified provisions of this Act,

(i) the waiver or refund of the whole or any part of a fee for any service provided by the Secretary under this Act or the regulations.

(3) A regulation may create an offence punishable by a penalty not exceeding 40 penalty units in the case of a corporation or 20 penalty units in any other case.