Victorian Numbered Regulations

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ESTATE AGENTS (GENERAL, ACCOUNTS AND AUDIT) (AMENDMENT) REGULATIONS 2004 (SR NO 4 OF 2004) - REG 8

New regulation 41 substituted

r. 8

For regulation 41 of the Principal Regulations, substitute

        "41.     Estate agent must appoint auditor

    (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.".



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