Your Ref:
Our Ref:
Enquiries:
Date:
The Commissioner, Consumer Protection
Department of Energy, Mines, Industry Regulation and Safety
Locked Bag 100
EAST PERTH
PERTH WA 6892
Dear Commissioner,
Re: AUDIT OF TRUST ACCOUNT – (Insert name of licensed agent*)
Please find enclosed the audited trust accounts of the above mentioned agent for the year ended ………………………… (insert date).
Enclosed are:
SETTLEMENT AND BUSINESS AGENTS Part IV Settlement Agents Act 1981
Agents should advise the Commissioner for Consumer Protection as soon as practicable or within five working days when a trust account is opened. Note that this is not required for separate interest bearing trust accounts. Lodge this form by email to audits@demirs.wa.gov.au, by fax (08) 6251 2801, or by post to Locked Bag 100, EAST PERTH WA 6892.
SETTLEMENT AND BUSINESS AGENTS Part IV Settlement Agents Act 1981
Agents should advise the Commissioner for Consumer Protection as soon as practicable or within five working days when a trust account is closed or amended. Note that this is not required for separate interest bearing trust accounts.
Lodge this form by:
27 August
A Broome real estate agent has been fined by the State Administrative Tribunal for failing to properly supervise an employee who had made an unauthorised withdrawal from the agency’s trust account.
Read more about the agent and the fine imposed on the departmental announcement “Fine for Broome real estate agent after employee makes unauthorised withdrawal (Anthony J Hutchinson / Hutchinson Real Estate)”.
Each licence holder has a governing body that is responsible for the management of the organisation and its operations. The name of the governing body can vary depending on the organisation’s structure and may be known as the management committee, board of directors or trustees.
When applying for a licence, it is a requirement to provide Consumer Protection with the details of three (3) Principal Executive Officers (PEOs) who have the power to make decisions about the management of the organisation. Examples of PEOs include:
August 2018
Changes have been applied by the Federal Government from 1 July 2018, regarding the liability for the goods and services tax (GST). Purchasers of new residential premises and new residential subdivisions, where the transaction is a taxable supply, are now required to withhold the GST component of the purchase price and pay that amount to the Australian Taxation Office (ATO). As a settlement agent, you may be required to arrange this on behalf of the purchaser.
If a licence holder does not conduct any charitable collection activities in Western Australia over a continuous 12 month period it is required to surrender its licence to the Commissioner for Consumer Protection (the Commissioner).
Consumer Protection have developed a number of publications to assist consumers with real estate transactions.
7 August
Health and safety issue: mould, electrical safety & unsafe pool gate latches
7 August
Health and safety issue: mould, electrical safety & unsafe pool gate latches
