For regulation 41 of the Principal Regulations, substitute —
(1) An estate agent must appoint an auditor before receiving or holding trust money.
Penalty: 5 penalty units.
(2) If the auditor appointed by an estate agent resigns, dies or otherwise becomes unable to perform the duties of an auditor, the estate agent must appoint a new auditor within 1 month of becoming aware of that fact.
Penalty: 5 penalty units.".