Kick start 2017 by getting your CPD points early!: Settlement agents bulletin issue 64 (February 2017)

8 February 2017

Compulsory Professional Development (CPD) is a legal requirement for all licensed settlement agents. Failure to complete your CPD requirements could result in your triennial certificate not being renewed.

Consumer Protection’s website provides detailed information about the CPD program for licensed settlement agents. The program provided by our contracted trainers is of a very high quality, with approximately 90% of attendees surveyed in 2016 finding the content of sessions to be relevant and the presenters to be both professional and knowledgeable.

Associations rules workbook

Every incorporated association has its own set of rules (often known as the constitution) which defines the group’s objects and purposes and outlines how its affairs will be managed.

Consumer Protection recommends that incorporated associations and clubs review the rules every three to five years to ensure the document meets the needs of the organisation and the requirements of the Associations Incorporation Act 2015 (the Act).

This pack is a step by step guide on how to review and update the rules of an incorporated association.

Commissioner’s concern for an increase in late bond lodgements - Real estate bulletin issue 133 (February 2017)

6 February 2017

Figures received from the Bond Administrator show there were 683 late bond lodgements in January 2017, an increase of 35% on December’s figures.

Consumer Protection is concerned by these figures after a strong message was previously issued to the industry (bulletin Issue 128), warning of the hard line it intends to take to ensure compliance. 

Ending an incorporated limited partnership

An incorporated limited partnership (ILP) may be wound up voluntarily either under the partnership agreement or, subject to the partnership agreement, by a special resolution of the limited partners (passed by at least 75 per cent of the limited partners). 

The ILP must complete and lodge a notice of the commencement of the winding up of the partnership within 7 days after a special resolution is passed to wind up the partnership, otherwise the day on which winding up is commenced.

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