Conveyancing Act 2004
34Annual returns
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34 Annual returns
(1) A conveyancer must, before 30 September in each year, provide the Director with a return for the period ending on 30 June in that year.
(2) The return is to contain any information that the Director requires and, in particular –
(a) the name and location of any trust account in which trust money has been deposited; and
(b) the total amount of all contributions to the trust account; and
(c) a statement of the balance of the trust account; and
(d) a copy of the relevant report prepared under section 30(3) .
(3) The Director may, in writing, require a conveyancer to provide further and better particulars of any information referred to in subsection (2) and the conveyancer must, within a reasonable period specified by the Director, comply with the requirement.
Penalty: Fine not exceeding 20 penalty units.
(4) If a conveyancer fails to comply with this section, his or her licence is taken to be suspended until he or she provides a return in accordance with this section.