VICIn ForceAct
Estate Agents Act 1980
57Representation etc. by builders and subdividers of land 131
Start here
Get a plain-English read of 57
Turn the raw legal text into a practical explanation grounded in Estate Agents Act 1980.
57 Representation etc. by builders and subdividers of land 131
Part VI—Accounts, audit and monitoring of estate agency business 133
Division 1—Accounts and audit 133
58 Definitions 133
58A Agents licensed interstate 135
59 Trust money 135
59A Unidentified trust money 139
60 Secretary's power to enter into arrangements with financial institutions 139
62 Liability of principal for certain acts etc. of agents' representatives 141
63 Duty to keep accounts of trust money received etc. 141
63A Director's supervisory role in audits 144
64 Annual audit of trust accounts 145
64A Audit ordered by Director 149
64B Audit where estate agent's business ceased during financial year 150
65 Variation of date of audit 152
66 Qualified auditors 153
67 Non-disclosure by auditors 156
68 Right of persons beneficially interested to obtain information 156
69 Agents having no accounts to audit 157
Division 2—Monitoring of estate agency business 158
70 Definitions 158
70A Production of identity card 158
70B Accounts and other documents available for inspection and audit 159
70C Estate agent to produce documents and answer questions 159
70D Third parties to produce documents and answer questions relating to estate agent's business 159
70E Ministers, police and public authorities to produce information to inspectors 160
70F Certain other specified persons or bodies to produce information 161
70G Powers on production of documents 161
70H Order requiring supply of information and answers to questions 162
70I Entry or search with consent 163
70J Entry without consent or warrant 165
70K Search warrants 166
70L Announcement before entry 168
70M Details of warrant to be given to occupier 168
70N Seizure of things not mentioned in the warrant 169
70O Embargo notice 169
70P Copies of seized documents 170
70Q Retention and return of seized documents or things 170
70R Magistrates' Court may extend 3 month period 171
70S Requirement to assist inspector during entry 172
70T Refusal or failure to comply with requirement 172
70U Protection against self-incrimination 172
70V Offence to give false or misleading information 173
70W Application of provisions relating to inspections 173
70WA Powers of court if requirement to produce information not complied with 173