Part 4Conduct of licensed agents and registered assistant property agents

Part 4 Conduct of licensed agents and registered assistant property agents Division 4.3 Land—further provisions Section 14 page 10 Agents Regulation 2003 Effective: 13/09/24 R23 13/09/24 Authorised by the ACT Parliamentary Counsel—also accessible at www.legislation.act.gov.au (3) In deciding whether to exempt a class 1 licensed property agent from the Act, section 70 (Class 1 licensed property agent to be in charge of 1 place of business), or amend or revoke an exemption, the commissioner for fair trading must consider the following matters: (a) the reasons for the exemption; (b) the licensed property agent’s experience as a licensed property agent in charge at a place of business of a licensed property agent; (c) the licensed property agent’s capacity to properly supervise the conduct of business of more than 1 licensed property agent; (d) fiduciary safeguards and office systems established, or to be established, to provide for accountability to the licensed property agent in charge; (e) whether separate trust accounts are in place for the deposit of trust money received in connection with the business of each licensed property agent for whom the licensed property agent would act under the exemption; (f) the licensed property agent’s record in relation to compliance with the Act or the repealed Act, including compliance with any condition of a licence or registration during the previous 5 years; (g) employer references (if any) in relation to the licensed property agent’s experience as a licensed property agent in charge.