12 September 2019
This year there have been a number of prosecutions in the real estate industry resulting in significant fines due to the mismanagement of trust accounts. We thought we would take this opportunity to review some key trust accounting obligations that may help you avoid any of these problems yourselves.
This compliance letter is provided to Consumer Protection by the Better Regulation Unit (BRU) of the Department of Treasury.
The BRU is responsible for assessing Decision Regulatory Impact Statements (DRIS) against Regulatory Impact Statement Adequacy Criteria.
Based on the information provided, the BRU is satisfied that this Decision Regulatory Impact Statement (DRIS) meets the adequacy criteria as outlined in the Regulatory Impact Assessment Guidelines.
This compliance letter is provided to Consumer Protection by the Better Regulation Unit (BRU) of the Department of Treasury.
The BRU is responsible for assessing Decision Regulatory Impact Statements (DRIS) against Regulatory Impact Statement Adequacy Criteria.
Based on the information provided, the BRU is satisfied that this Decision Regulatory Impact Statement (DRIS) meets the adequacy criteria as outlined in the Regulatory Impact Assessment Guidelines.
The Department of Energy, Mines, Industry Regulation and Safety – Consumer Protection Division (Consumer Protection) recently completed a review of the Auction Sales Act 1973 (the Act).
26 August 2019
This year there have been a number prosecutions in the property industry resulting in significant fines due to the mismanagement of trust accounts. While real estate agents were the subject of the actions to date, the principles of trust account management also apply to settlement agents. Since we are in the annual audit period, we thought we would take this opportunity to highlight some key trust accounting obligations that may help you avoid any of these problems yourselves.
22 August 2019
Clarifying family and domestic violence tenancy law concerns
