51Supervision of conveyancing business

51 Supervision of conveyancing business (1) A licensee who carries on a conveyancing business must properly supervise the conduct of the business. 1. For a natural person, 120 penalty units; For a corporation, 240 penalty units. (2) Subject to section 52, a licensee who carries on a conveyancing business from more than one place of business must appoint a natural person who is also a licensee to manage the day to day operation of each place of the business. (3) If a licensee is appointed to manage the day to day operation of a place of business forming part of a conveyancing business, the licensee must properly supervise the conduct of that part of the conveyancing business carried on at that place. 1. For a natural person, 120 penalty units; For a corporation, 240 penalty units. (4) A requirement under this section to properly supervise the conduct of a conveyancing business, or a part of a conveyancing business, includes the following requirements— (a) a requirement to properly supervise employees engaged in the conveyancing business; (b) a requirement to take reasonable steps to ensure that employees of the conveyancing business comply with this Act and the regulations, the **Sale of Land Act 1962** and any other law relevant to the conduct of the business; (c) a requirement to establish procedures designed to ensure that the conveyancing business is conducted in accordance with the law and good practice; (d) a requirement to monitor the conduct of the conveyancing business in a manner that will ensure as far as practicable that the procedures referred to in paragraph (c) are complied with. (5) The Director may issue and notify to licensees guidelines regarding what constitutes the proper supervision of a conveyancing business.