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CONVEYANCERS ACT 2006 (NO 75 OF 2006) - SCHEDULE 2

SCHEDULE 2

Sch. 2

Section 192

CONSEQUENTIAL AMENDMENTS

        1.     Business Licensing Authority Act 1998

In section 3, in the definition of "business licensing Act", after paragraph (a) insert

    "(ab)     the Conveyancers Act 2006 ; or".

        2.     Estate Agents Act 1980

    2.1     In section 75(1)(ea), after "administration of the" insert " Conveyancers Act 2006 , the".

    2.2     After section 75(1)(he) insert

    "(hf)     money payable out of the Fund in accordance with the Conveyancers Act 2006 ;".

    2.3     At the foot of section 79 insert

    "Note:     Claims for compensation from the Fund for defalcations by conveyancers are dealt with under Part 7 of the Conveyancers Act 2006 ".

        3.     Fair Trading Act 1999

    3.1     In section 106C, in paragraph (a) of the definition of "licence", for sub-paragraph (i) substitute

    "(i)     the Conveyancers Act 2006 ; or

        (ia)     the Estate Agents Act 1980 ; or".

    3.2     After section 106E(9) insert

    "(10)     If a notice is issued under this Division suspending a licensee's licence under the Conveyancers Act 2006 , the licensee is deemed for the purposes of that Act to be prohibited from doing either or both of the following during the licence suspension period—

        (a)     carrying on a conveyancing business;

        (b)     undertaking conveyancing work as an employee of a conveyancing business.".

    3.3     In the list of Acts set out in Schedule 1, after "Business Names Act 1962" insert " Conveyancers Act 2006" .

        4.     Property Law Act 1958

    4.1     In section 69(1), for "banker or legal practitioner" (wherever occurring) substitute "banker, legal practitioner or conveyancer".

    4.2     After section 69(3) insert

    '(4)         In this section, "conveyancer" means a licensee under the Conveyancers Act 2006 .'.

        5.     Sale of Land Act 1962

    5.1     In section 2(1), insert the following definition—

' "conveyancer" means a licensee under the Conveyancers Act 2006 ;'.

    5.2     In sections 6(4)(b) and 9AA(1)(a)(i) and (2)(a), after "legal practitioner" (wherever occurring) insert ", conveyancer".

    5.3     Insert the following heading to section 24

"Deposit moneys held by legal practitioner, conveyancer or estate agent to be held as stakeholder" .
Sch. 2

    5.4     In section 24(1), after "legal practitioner" (where twice occurring) insert ", conveyancer".

    5.5     In section 24(1A)

        (a)     after paragraph (a) insert

    "(ab)     from a conveyancer to a conveyancer acting for the vendor in relation to the sale;"; and

        (b)     after paragraph (b) insert

    "(ba)     from a conveyancer acting for the vendor to a legal practitioner acting for the vendor in relation to the sale;"; and

        (c)     in paragraph (d), after "vendor to" insert
"a conveyancer,".

    5.6     Insert the following heading to section 25

"Deposit moneys to be paid into special purpose account or held by legal practitioner, conveyancer or estate agent" .

    5.7     In section 25(1)(a), after "to" insert "a conveyancer,".

    5.8     In sections 27(1) and (11), after "legal practitioner" (wherever occurring) insert ", conveyancer".

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