Five year ban for providing false information (Gary Douglas) - Real estate bulletin issue 103 (December 2015)

11 December 2015

A real estate agent has had his licence and triennial certificate cancelled by the State Administrative Tribunal (SAT) and is banned from holding a licence for five years after providing false information in his original application.

Gary James Douglas of Tuart Hill was granted a real estate agent’s licence and triennial certificate on 16 January 2015 but action to have the licence cancelled was commenced by Consumer Protection after it was discovered the information contained in his application was false.

The application contained:

Greek wedding ends in big fat $45,000 scam loss - Real estate bulletin issue 104 (December 2015)

14 December 2015

A Perth real estate agency is believed to have lost more than $45,000 in an elaborate accommodation scam which also involved them organising a Greek interpreter for a fictitious wedding.

The agency, which deals with short-term and long-term holiday rentals, received a call last month from a man claiming to be from England requesting to book one week’s accommodation for a wedding party of eight people. The man provided the name ‘Colonel Michael Warner’ – a name well known to Consumer Protection as one that is commonly used by Nigerian-based scammers.

Proactive compliance visits identify common issues - Settlement agents bulletin issue 52 (December 2015)

3 December 2015

Looking to improve practices at your agency? Considering these common issues identified during recent proactive compliance visits by the Department of Commerce (the Department) may help.

The proactive compliance program is designed to help agencies to better understand and comply with their legal obligations, as well as identifying and remedying areas of risk through guidance, best practice and education. During the 2014/2015 financial year, the Department undertook 108 visits to settlement agents.

Proactive compliance visits identify common issues - Real estate bulletin issue 102 (December 2015)

3 December 2015 

Looking to improve practices at your agency? Considering these common issues identified during recent proactive compliance visits by the Department of Commerce (the Department) may help.

The proactive compliance program is designed to help agencies to better understand and comply with their legal obligations, as well as identifying and remedying areas of risk through guidance, best practice and education. During the 2014/2015 financial year, the Department undertook 494 visits to agencies.

Sporting equipment safety

Sporting equipment must meet product safety standards to prevent injuries and ensure safe use.

To help reduce the risk of accidents, especially for children, check your equipment is:

  • properly designed (must meet Australian consumer and product safety laws)
  • built correctly
  • secured tp the ground or walls if need be
  • regularly checked and maintained. 

Product Safety Australia provides guides and advice on sporting equipment and the safety standards they need to meet, such as:

Financial reporting under associations law

Record keeping

An incorporated association must keep financial records which:

  • correctly record and explain its transactions and financial position and performance; and
  • enable true and fair financial statements to be prepared.

Financial records must be retained for a period of 7 years.

Three tiers of associations

An association is classified into one of three tiers for the purposes of determining its financial reporting obligations:

Conflicts of interest in real estate transactions - Real estate bulletin issue 101 (November 2015)

12 November 2015

The Department of Commerce (the Department) has recently become aware of a new business scheme in relation to online advertising which may raise a potential conflict of interest and wishes to remind agents of their obligations under the Real Estate and Business Agents Act 1978 (the REBA Act) and the Code of Conduct for Agents and Sales Representatives 2011 (the Code).