Part 1 Preliminary

1 Short title

This Act may be cited as the Property Agents and Land Transactions Act 2016 .

2 Commencement

The provisions of this Act commence on a day or days to be proclaimed.

3 Interpretation

(1)  In this Act, unless the contrary intention appears –

approved form means a form approved by the Board;

approved institution – see section 147(2) ;

auditor means a person practising as a public accountant who is a member of –

(a) the Australian Society of Certified Practising Accountants; or

(b) the Institute of Chartered Accountants in Australia; or

(c) the Institute of Public Accountants in Australia;

authorised place of business, in respect of a real estate agent named in Part 1(1) of the Register, a property manager named in Part 2(1) of the Register or a general auctioneer named in Part 3(1) of the Register, means a place shown in the Register as a place where the agent, manager or auctioneer may carry on, respectively, real estate agency business, property management business or general auctioneering business;

Board means the Property Agents Board continued under section 5 ;

business, in respect of the sale or purchase of a business, includes a share in a business and the goodwill of a business, but does not include a share in the capital of a company;

Code of Conduct or "Code" means the Code of Conduct referred to in section 84 ;

company means a body corporate wherever incorporated;

conveyancer has the same meaning as in the Conveyancing Act 2004 ;

[Section 3 Subsection (1) amended by No. 29 of 2022, s. 66, Applied:01 Jul 2023] deemed registration means an entitlement to automatic deemed registration, within the meaning of the Mutual Recognition Act 1992 of the Commonwealth;

document means any record of information, and includes –

(a) anything on which there is writing; and

(b) anything on which there are marks, figures, symbols or perforations having a meaning for persons qualified to interpret them; and

(c) anything from which sounds, images or writings can be reproduced with or without the aid of anything else; and

(d) a map, plan, drawing or photograph –

and a reference in this Act to a document (as so defined) includes a reference to –

(e) any part of the document; and

(f) any copy, reproduction or duplicate of the document or of any part of the document; and

(g) any part of such a copy, reproduction or duplicate;

employ includes engage under a contract for services;

functions of a property representative includes all or any of the following functions performed by a person while in the employ of a real estate agent or property manager:

(a) inducing or attempting to induce, or negotiating with a view to inducing, people to do all or any of the following:

(i) acquire or dispose of property or a business;

(ii) make an offer to acquire or dispose of property;

(iii) make an offer to acquire or dispose of a business;

(iv) enter into a contract for the acquisition or disposal of property;

(v) enter into a contract for the acquisition or disposal of a business;

(b) negotiating the leasing or letting of property;

(c) collecting rents for property that is leased or let;

(d) managing property that is leased or let;

general auctioneer means a person who holds a valid general auctioneer licence;

general auctioneering business means business as an auctioneer where the property auctioned does not include land;

[Section 3 Subsection (1) amended by No. 29 of 2022, s. 66, Applied:01 Jul 2023]

[Section 3 Subsection (1) amended by No. 29 of 2022, s. 66, Applied:01 Jul 2023] general auctioneer licence means –

(a) a type of licence referred to in section 15(c) that is issued and in force in accordance with section 19(1)(a) ; or

(b) a general auctioneer licence held by a person by virtue of holding deemed registration;

Guarantee Fund or Fund means the fund as continued in existence by section 149 under the name Property Agents Guarantee Fund;

legal practitioner means an Australian legal practitioner;

[Section 3 Subsection (1) amended by No. 29 of 2022, s. 66, Applied:01 Jul 2023]

[Section 3 Subsection (1) amended by No. 29 of 2022, s. 66, Applied:01 Jul 2023] licence means –

(a) a licence issued and in force under this Act; and

(b) a licence held by a person by virtue of holding deemed registration;

licence holder means a person who holds a licence;

magistrate means a magistrate within the meaning of the Magistrates Court Act 1987 ;

name, in respect of a real estate agent named in Part 1(1) of the Register, a property manager named in Part 2(1) of the Register or a general auctioneer named in Part 3(1) of the Register, means the name shown in the Register as a name by which the agent, manager or auctioneer may carry on, respectively, real estate agency business, property management business or general auctioneering business;

owner, in respect of property, means the person who holds the legal title to it, that person's successors and assigns and an agent of that person;

Panel means the Panel referred to in section 104(3) ;

property includes both real and personal property and any estate or interest in any property real or personal;

property agent means a real estate agent, a property manager, a general auctioneer, or a property representative;

property agent licence means –

(a) a real estate agent licence; and

(b) a property manager licence; and

(c) a general auctioneer licence; and

(d) a property representative licence;

property agents industry means the business carried on by property agents;

[Section 3 Subsection (1) amended by No. 40 of 2020, s. 4, Applied:04 May 2022] property management business means the carrying out of all or any of the following activities pursuant to instructions received from other people:

(a) negotiating the leasing or letting of property;

(b) collecting rents for property that is leased or let;

(c) managing property that is leased or let;

property manager or manager means a person who holds a valid property manager licence;

[Section 3 Subsection (1) amended by No. 29 of 2022, s. 66, Applied:01 Jul 2023]

[Section 3 Subsection (1) amended by No. 29 of 2022, s. 66, Applied:01 Jul 2023] property manager licence means –

(a) a type of licence referred to in section 15(b) that is issued and in force in accordance with section 19(1)(a) ; or

(b) a property manager licence held by a person by virtue of holding deemed registration;

property representative or representative means a person who holds a valid property representative licence;

[Section 3 Subsection (1) amended by No. 29 of 2022, s. 66, Applied:01 Jul 2023]

[Section 3 Subsection (1) amended by No. 29 of 2022, s. 66, Applied:01 Jul 2023] property representative licence means –

(a) a type of licence referred to in section 15(d) that is issued and in force in accordance with section 19(1)(a) ; or

(b) a property representative licence held by a person by virtue of holding deemed registration;

public auction means an auction that has been publicly advertised;

publish means publish by any means including by publication on the internet;

[Section 3 Subsection (1) amended by No. 40 of 2020, s. 4, Applied:04 May 2022] real estate agency business means the carrying out of all or any of the following activities pursuant to instructions received from other people:

(a) selling, buying, exchanging, leasing or otherwise dealing with, or disposing of, property or businesses;

(b) negotiating the sale, purchase, exchange, lease or any other dealing with, or the disposition of, property or businesses;

(c) collecting rents for property that is leased or let;

(d) managing property that is leased or let;

real estate agent or agent means a person who holds a valid real estate agent licence;

[Section 3 Subsection (1) amended by No. 29 of 2022, s. 66, Applied:01 Jul 2023]

[Section 3 Subsection (1) amended by No. 29 of 2022, s. 66, Applied:01 Jul 2023] real estate agent licence means –

(a) a type of licence referred to in section 15(a) that is issued and in force in accordance with section 19(1)(a) ; and

(b) a real estate agent licence held by a person by virtue of holding deemed registration;

region means the northern region, the north-western region or the southern region;

Register means the Register of Property Agents maintained by the Board under section 29 ;

regulations means the regulations made and in force under this Act;

relative, in relation to a person, includes partner, within the meaning of the Relationships Act 2003 , of that person;

Rental Deposit Authority means the Rental Deposit Authority established under section 48K of the Residential Tenancy Act 1997 ;

repealed Act means the Property Agents and Land Transactions Act 2005 ;

Residential Tenancy Commissioner means the person appointed under section 7 of the Residential Tenancy Act 1997 ;

sale means a disposition of property for valuable consideration;

scheme of arrangement means a scheme of arrangement referred to in section 147 ;

statutory authority means a body or authority, whether incorporated or not, that is established or constituted by or under an Act or under the royal prerogative, being a body or authority which, or of which the governing authority, wholly or partly comprises a person or persons appointed by the Governor, a Minister or another statutory authority, but does not include an Agency, within the meaning of the State Service Act 2000 ;

[Section 3 Subsection (1) amended by No. 7 of 2025, s. 178, Applied:01 Jul 2025]

[Section 3 Subsection (1) amended by No. 7 of 2025, s. 178, Applied:01 Jul 2025] Tribunal means the Tasmanian Civil and Administrative Tribunal;

Trust means the trust as continued in existence by section 141 under the name Property Agents Trust;

trust account – see section 134 ;

trust money – see section 133 .

(2)  In this Act –

(a) a reference to Part 1(1) of the Register is a reference to Division (1) of Part 1 of the Register; and

(b) a reference to Part 1(2) of the Register is a reference to Division (2) of Part 1 of the Register; and

(c) a reference to Part 2(1) of the Register is a reference to Division (1) of Part 2 of the Register; and

(d) a reference to Part 2(2) of the Register is a reference to Division (2) of Part 2 of the Register; and

(e) a reference to Part 3(1) of the Register is a reference to Division (1) of Part 3 of the Register; and

(f) a reference to Part 3(2) of the Register is a reference to Division (2) of Part 3 of the Register.

4 Application of Act

(1)  In this section –

accountant means a person practising as a public accountant who is a member of –

(a) [Section 4 Subsection (1) amended by No. 7 of 2025, s. 179, Applied:01 Jul 2025] CPA Australia; or

(b) the Institute of Chartered Accountants in Australia; or

(c) the Institute of Public Accountants in Australia.

(2)  This Act does not bind the Crown.

(3)  Nothing in this Act prohibits the following persons from carrying out an activity that is part of a real estate agency business or property management business:

(a) a liquidator or receiver;

(b) a person who is subject to a guardianship order under the Guardianship and Administration Act 1995 or an assessment order or treatment order under the Mental Health Act 2013 ;

(c) a trustee company within the meaning of the Trustee Companies Act 1953 ;

(d) a legal practitioner –

if that person is performing functions in that capacity.

(4)  An accountant need not be licensed to carry out an activity that is part of a real estate agency business if the activity does not include the sale, management, letting or lease of land.

Part 2 Property Agents Board

Division 1 The Board

5 Property Agents Board continued

(1)  The Property Agents Board established under section 70 of the repealed Act continues in existence for the purposes of this Act.

(2)  The Board consists of the following persons appointed by the Governor:

(a) [Section 5 Subsection (2) amended by No. 36 of 2017, s. 19, Applied:19 Sep 2017] an Australian lawyer, nominated by the Minister, of at least 5 years' standing as an Australian legal practitioner and who has legal experience in areas of law relevant to the position, who is to be the Chair of the Board;

(b) a property agent, nominated by the body that the Minister is satisfied represents the views of the majority of property agents, who has at least 5 years' experience as a property agent;

(c) a property agent, nominated by the Minister, who has at least 5 years' experience as a property agent;

(d) 2 persons, nominated by the Minister, who are not property agents.

(3)  The Board –

(a) is a body corporate with perpetual succession; and

(b) may sue and be sued in its corporate name; and

(c) may have a seal.

(4)  If the Board has a seal –

(a) it is to be kept and used as authorised by the Board; and

(b) all courts and persons acting judicially must take judicial notice of the imprint of the seal on a document and presume that the document was duly sealed by the Board.

(5)  Schedule 1 has effect with respect to the membership and meetings of the Board.

6 Functions of Board

(1)  The Board has the following functions:

(a) to administer the licensing system for property agents established by this Act;

(b) to maintain the Register;

(c) to ensure that property agents comply with the requirements of this Act relating to their conduct in carrying on their businesses or in performing their functions and, where they fail to do so, to take appropriate action, including disciplinary action, to protect the public and to discourage such conduct;

(d) to ensure that people do not act as property agents unless they are permitted to do so under this Act;

(e) to develop and ensure compliance with a Code of Conduct for property agents;

(f) to receive, investigate and determine complaints against property agents;

(g) to provide support in the resolution of disputes relating to the conduct of property agents;

(h) to supervise the trust accounts of property agents;

(i) to advise property agents on appropriate standards of conduct;

(j) to monitor, identify and report to the Minister trends and issues that emerge within the property agents industry;

(k) to perform educational functions for the purposes of this Act;

(l) to advise the Minister on matters relating to this Act including its efficacy and on any other matters relevant to the Board's functions or to the property agents industry;

(m) to perform any other function imposed on the Board by this or any other Act;

(n) such other functions as may be prescribed.

(2)  The function mentioned in subsection (1)(f) includes –

(a) referring complaints in respect of a serious offence, within the meaning of Part 7 , to the Tribunal for hearing and determination; and

(b) referring complaints involving alleged criminal conduct to the Commissioner of Police.

(3)  The educational functions mentioned in subsection (1)(k) include –

(a) providing input into establishing the standards of education for property agents; and

(b) conducting or supervising the conduct of examinations as necessary; and

(c) determining the subjects in which property agents are required to qualify; and

(d) approving courses of practical instruction on the functions of property agents.

7 Powers of Board

(1)  The Board has power to do all things necessary or convenient to be done in connection with the performance of its functions.

(2)  This power includes the power to impose fees and charges for performing its functions under this Act for which no other fee or charge has been prescribed.

(3)  A fee or charge due to the Board and unpaid may be recovered in a court of competent jurisdiction as if it were a debt due to the Board.

(4)  The Board may waive, remit or refund part or all of a fee or charge payable to the Board under this Act.

8 Delegation by Board

The Board may, by instrument in writing, delegate any of its functions or powers under this or any other Act other than this power of delegation and the power to discipline property agents.

9 Contracts

The Board may enter into a contract with any person for the performance or exercise by that person of any of the Board's functions or powers under this Act or any other Act other than the power to discipline property agents.

10 Committees of Board

(1)  The Board may establish such committees as it considers necessary for the purpose of assisting it in the performance of any of its functions or the exercise of any of its powers.

(2)  A committee consists of such persons as the Board appoints.

(3)  A member of the Board may be a member of a committee.

(4)  Subject to subsection (5) , the Board may pay a member of a committee remuneration and allowances.

(5)  A member of a committee who is a State Service officer or State Service employee is not to be paid remuneration or allowances mentioned in subsection (4) unless the Minister administering the State Service Act 2000 determines otherwise.

(6)  The Board may give written directions to a committee and the committee must comply with those directions.

(7)  A committee is to keep accurate minutes of its proceedings.

(8)  A committee is to regulate its proceedings in accordance with any directions given by the Board but may otherwise regulate its own proceedings.

11 Employees of Board

(1)  The Board is to employ a suitably qualified person to be the executive officer of the Board and may employ such other persons as it considers necessary.

(2)  The executive officer is to act as the secretary to the Board.

(3)  The State Service Act 2000 does not apply to a person employed by the Board.

Division 2 Finances and reports

12 Funds of Board

(1)  The Board is to keep an account with an authorised deposit-taking institution into which it is to pay money it receives.

(2)  The Board is to use any money received by it to perform its functions.

(3)  In particular, the Board is to use that money –

(a) to ensure compliance with this Act and the Code of Conduct; and

(b) to pay people who have performed any function of the Board on its behalf; and

(c) [Section 12 Subsection (3) amended by No. 7 of 2025, s. 180, Applied:01 Jul 2025] to pay the remuneration and allowances of its members and employees.

(d) [Section 12 Subsection (3) amended by No. 7 of 2025, s. 180, Applied:01 Jul 2025] .  .  .  .  .  .  .  .  

(4)  The Board may invest any money held by it that is not immediately required in any manner in which a trustee is authorised by law to invest its funds.

13 Accounts and audit

(1)  The Board is to keep proper accounts and records of its financial transactions and, as soon as practicable after 1 July and not later than 31 October in each year, is to prepare financial statements exhibiting a true and correct record of its financial position and transactions in respect of the preceding financial year.

(2)  [Section 13 Subsection (2) amended by No. 4 of 2017, Sched. 1, Applied:01 Jul 2019] The accounts of the Board kept for the purposes of this Act are subject to the Financial Management Act 2016 .

14 Annual report

(1)  The Board is to, on or before 31 October after the end of each financial year, prepare and present to the Minister a report on its operations for that financial year.

(2)  The report is to contain –

(a) the Board's audited statement of accounts prepared for the financial year; and

(b) details of the number of names the Board entered in the Register during the financial year; and

(c) a statement specifying the number and nature of complaints the Board received in respect of property agents during the financial year; and

(d) a statement specifying the manner in which the Board handled complaints during the financial year, setting out the number it dismissed, the number it dealt with itself, the number it referred to the Tribunal and the number outstanding at the end of the financial year both before the Board and the Tribunal; and

(e) [Section 14 Subsection (2) amended by No. 7 of 2025, s. 181, Applied:01 Jul 2025] a statement giving details of any disciplinary action the Board took against property agents during the financial year.

(f) [Section 14 Subsection (2) amended by No. 7 of 2025, s. 181, Applied:01 Jul 2025] .  .  .  .  .  .  .  .  

(3)  The Board must include in the report any further information required by the Minister and may include any other information it considers appropriate.

(4)  The Minister is to cause a copy of the Board’s report to be laid before each House of Parliament within one month of receiving it from the Board.

Part 3 Licensing of Property Agents

15 Types of licences

The Board may issue the following types of licence under section 19(1)(a) :

(a) a real estate agent licence;

(b) a property manager licence;

(c) a general auctioneer licence;

(d) a property representative licence.

16 Application for licence

(1)  [Section 16 Subsection (1) amended by No. 29 of 2022, s. 67, Applied:01 Jul 2023] Subject to subsection (3) , a person may apply to the Board for a licence.

(2)  An application is to be in an approved form and accompanied by –

(a) any prescribed fee; and

(b) a statement relating to the applicant's record of offences in Tasmania issued by the Commissioner of Police; and

(c) a statement relating to the applicant's record of offences in any other place issued by a person holding an office in another State or a Territory that corresponds to the office of Commissioner of Police in this State; and

(d) any consent by any person to the disclosure of information as the Board considers relevant for the purposes of investigating the application; and

(e) any other documents and information the Board requires.

(3)  [Section 16 Subsection (3) inserted by No. 29 of 2022, s. 67, Applied:01 Jul 2023] A person who holds a licence by virtue of holding deemed registration is not required to make an application under this section for a licence.

17 Consideration of application

The Board may make such inquiries regarding an application for a licence as the Board considers necessary or expedient for a proper consideration of the application.

18 Suitability of applicant

(1)  The Board must not grant an application for a licence unless satisfied that the applicant –

(a) has the relevant qualifications specified in Division 3 to be licensed; and

(b) is a fit and proper person to hold a property agent licence.

(2)  The Board may request an applicant to produce further evidence to satisfy the Board that the applicant is –

(a) qualified to be licensed; or

(b) a fit and proper person to hold a property agent licence.

(3)  For the purposes of determining whether an applicant for a licence is a fit and proper person, the Board may refer to the Commissioner of Police –

(a) the name of the applicant for the licence; and

(b) any information and documentation that the Board considers relevant.

(4)  The Commissioner of Police must inquire into, and report to the Board on, any matters concerning the applicant that the Board requests.

(5)  A natural person is not a fit and proper person to hold a property agent licence –

(a) if the person is an undischarged bankrupt; or

(b) if the person has made a composition or arrangement with creditors and the debts to which the composition or arrangement relates have not been paid in full or the terms of the composition or arrangement have not been fulfilled; or

(c) if the Board otherwise determines that the person is not a fit and proper person to hold a property agent licence.

(6)  A company is not a fit and proper person to hold a property agent licence if –

(a) it is in receivership or in liquidation; or

(b) it has taken proceedings for voluntary winding-up (except for the purpose of reorganisation); or

(c) it has a winding-up order made in respect of it by the Supreme Court; or

(d) it has a director, manager, secretary or other similar officer who is suspended from being a property agent under this Act; or

(e) the Board otherwise determines that it is not a fit and proper person to hold a property agent licence.

(7)  In this section, a reference to an applicant includes in the case of an applicant that is a body corporate, a reference to the chief executive officer and each director of the body corporate.

19 Determination of licence application

(1)  The Board is to determine an application for a property agent licence by –

(a) granting the application and issuing the appropriate type of property agent licence to the applicant; or

(b) refusing the application.

(2)  The Board must give the applicant written notice of –

(a) the grant of an application; or

(b) the refusal to grant an application and the reasons for the refusal.

20 Conditions of licence

(1)  [Section 20 Subsection (1) amended by No. 29 of 2022, s. 68, Applied:01 Jul 2023] If the Board issues a licence in accordance with section 19(1)(a) , the Board may issue the licence subject to such conditions as the Board considers appropriate.

(2)  [Section 20 Subsection (2) amended by No. 29 of 2022, s. 68, Applied:01 Jul 2023] The Board may at any time after the licence is issued in accordance with section 19(1)(a)  –

(a) impose new conditions on the licence; or

(b) amend or vary a condition of the licence; or

(c) rescind a condition of the licence.

(3)  [Section 20 Subsection (3) amended by No. 29 of 2022, s. 68, Applied:01 Jul 2023] Without limiting subsections (1) and (2) , a licence issued in accordance with section 19(1)(a) may be subject to conditions of the following kind:

(a) [Section 20 Subsection (3) amended by No. 29 of 2022, s. 68, Applied:01 Jul 2023] a condition requiring the licensee to undertake or complete a specified course of studies within a specified period of time and to a specified standard;

(ab) [Section 20 Subsection (3) amended by No. 40 of 2020, s. 5, Applied:04 May 2022] a condition requiring the licensee to notify the Board, in an approved form, of any change in the licensee’s name, business address or contact details as soon as practicable after that change;

(b) [Section 20 Subsection (3) amended by No. 29 of 2022, s. 68, Applied:01 Jul 2023] a condition requiring the licensee to undertake, by way of professional development, specified further education or training during the term of the licence to a specified standard.

(4)  The Board, by notice in writing, must notify the licensee of –

(a) any addition, amendment, variation or rescission of a condition of the licence; and

(b) the reasons for it.

(5)  A licence holder must not contravene a condition of his or her licence.

Penalty:  Fine not exceeding 50 penalty units.

20A Continuing professional development

[Section 20A Inserted by No. 29 of 2022, s. 69, Applied:01 Jul 2023]

(1)  A licence holder must undertake and complete, to a standard specified in writing by the Board, any courses of study, continuing professional development, further education, training or learning approved in writing by the Board for the purposes of maintaining and developing the skills required to carry out work under the licence.

Penalty:  Fine not exceeding 50 penalty units.

(2)  The Board may, at any time, request a licence holder to provide the Board with any information that the Board requires in relation to any courses of study, continuing professional development, further education, training or learning undertaken by the licence holder in accordance with subsection (1) .

(3)  A licence holder must provide the Board, at any time the Board considers necessary, with any information requested by the Board in accordance with subsection (2) .

Penalty:  Fine not exceeding 50 penalty units.

21 Period of validity of licence

(1)  [Section 21 Subsection (1) substituted by No. 29 of 2022, s. 70, Applied:01 Jul 2023] Subject to subsections (2) , (3) and (4) , a licence –

(a) is valid for the period, not exceeding 12 months, determined by the Board under this Act; and

(b) commences on the date on which it was issued or at a later date determined by the Board.

(2)  [Section 21 Subsection (2) substituted by No. 29 of 2022, s. 70, Applied:01 Jul 2023] A licence held by a person by virtue of holding deemed registration is valid for the period in respect of which the deemed registration is in force.

(3)  A licence ceases to be valid if –

(a) the licence holder surrenders it to the Board; or

(b) it is suspended or cancelled in accordance with this Act.

(4)  If the holder of a licence dies, the personal representative of that person is taken to be the licence holder for 12 months from the death of the person.

22 Renewal of licence

(1)  [Section 22 Subsection (1) amended by No. 29 of 2022, s. 71, Applied:01 Jul 2023] Subject to subsection (8) , not less than 60 days before the expiration of a property agent licence, the holder of the licence may apply to the board for the renewal of the licence.

(2)  The Board, at its discretion, may accept an application for the renewal of a property agent licence lodged less than 60 days before the expiration of the licence.

(3)  An application for renewal must be –

(a) in an approved form; and

(b) accompanied by any prescribed fee and, in the case of an application accepted under subsection (2) , any further prescribed late fee; and

(c) accompanied by any documents and information the Board requires.

(4)  Sections 17 , 18 , 19 , 20 and 21 apply in respect of an application for, and the issue of, the renewal of a licence in the same manner as they apply to an application for, and the issue of, a licence.

(5)  If an application for renewal of a licence is made under this section, the current licence continues in force until it is renewed or its renewal is refused.

(6)  The renewal of a licence takes effect from the date on which the licence was due to expire.

(7)  The refusal to renew a licence takes effect on the date of the notice of refusal.

(8)  [Section 22 Subsection (8) inserted by No. 29 of 2022, s. 71, Applied:01 Jul 2023] This section does not apply to a person who holds a licence by virtue of holding deemed registration.

23 Surrender of licence

A property agent licence may be surrendered to the Board at any time.

24 Record of suspended licences

[Section 24 Substituted by No. 29 of 2022, s. 72, Applied:01 Jul 2023]

(1)  The Board is to keep a register containing details of all property agent licences –

(a) issued and in force under this Act; or

(b) held by a person by virtue of holding deemed registration who has notified the Board under section 24B(2) of their entitlement to hold deemed registration –

that are suspended under this Act or under an Act of another State or a Territory.

(2)  The Board is to make the register of suspended licences available for public inspection during normal business hours.

24A Financial capacity of licence holders

[Section 24A Inserted by No. 29 of 2022, s. 72, Applied:01 Jul 2023]

(1)  If the Board is satisfied that the licence holder does not have the material or financial resources to comply with the requirements of this Act, or any other Act of another State or a Territory, the Board may cancel the licence.

(2)  The Board is to give the licence holder written notice of the cancellation of the licence under subsection (1) setting out the reasons why the licence is cancelled and the day on which the cancellation takes effect.

24B Deemed registration of licence holders

[Section 24B Inserted by No. 29 of 2022, s. 72, Applied:01 Jul 2023]

(1)  In this section –

occupation has the meaning it has in section 4(1) of the Mutual Recognition Act 1992 of the Commonwealth;

participating jurisdiction has the meaning it has in section 4(1) of the Mutual Recognition Act 1992 of the Commonwealth.

(2)  A person who intends to carry out work in accordance with a licence in the State by virtue of holding deemed registration must notify the Board of the person’s entitlement to hold deemed registration before carrying out the work.

Penalty:  Fine not exceeding 10 penalty units.

(3)  A notification under subsection (2) –

(a) must be in a manner approved by the Board; and

(b) must be in a form approved by the Board; and

(c) is to contain any information that the Board considers necessary.

(4)  If there is a change in the information provided by a person in a notification to the Board under subsection (2), the person must, as soon as practicable, in a form approved by the Board, notify the Board of the change.

Penalty:  Fine not exceeding 10 penalty units.

(5)  A person who is a licence holder by virtue of holding deemed registration must not carry out work in accordance with the licence in this State unless the work is within the scope of the work that the person is authorised to carry out for that occupation in the relevant participating jurisdiction.

Penalty:  Fine not exceeding 10 penalty units.

(6)  If a person is found guilty of an offence against subsection (2) , (4) or (5) , the Board may –

(a) suspend or cancel the deemed registration held by the person; and

(b) disqualify the person from holding a licence by virtue of holding deemed registration for a specified period or until the person fulfils a specified condition.

(7)  The Board may, at any time, request a person who is a licence holder by virtue of holding deemed registration to provide the Board with any information that the Registrar requires in relation to the maintenance of the person’s skills and any continuing professional development undertaken by the person.

(8)  A person who is a licence holder by virtue of holding deemed registration must, before the person proposes to carry out any work in accordance with the licence in this State, provide the Board with notice, in an approved form, containing evidence that the person is covered by insurance that is approved by the Board.

Penalty:  Fine not exceeding 10 penalty units.

Division 3 Qualifications

24C Application of Division

[Section 24C Inserted by No. 29 of 2022, s. 74, Applied:01 Jul 2023] For the avoidance of doubt, this Division does not apply to a person who holds a real estate agent licence, property manager licence, general auctioneer licence, or property representative licence, by virtue of holding deemed registration.

25 Qualifications for real estate agent licence

A person is qualified to be granted a real estate agent licence if –

(a) the person's name has been in Part 1 of the Register at any time during the 5-year period immediately preceding the licence application; or

(b) in the case of a natural person, the person –

(i) [Section 25 Amended by No. 40 of 2020, s. 6, Applied:04 May 2022] has the qualifications required to be held by the person that are specified in a determination made and in force under section 28A(1)(a) ; and

(ii) has, during the 5-year period immediately preceding the licence application, been employed as a property manager or property representative for –

(A) a period of at least 2 years full-time employment; or

(B) periods of part-time employment that total 2 years; or

(c) in the case of a company, at least one of its directors holds a real estate agent licence; or

(d) the person –

(i) has, at any time during the 5-year period immediately preceding the application, been authorised under the law of another State or a Territory of Australia to carry on real estate agency business in that State or Territory; and

(ii) has been employed full time in real estate agency business in another State or a Territory of Australia for a total period of at least 2 years during the 5-year period immediately preceding the licence application; and

(iii) [Section 25 Amended by No. 40 of 2020, s. 6, Applied:04 May 2022] except in the case of a company, has satisfied the Board, by examination or inquiry, that he or she has sufficient knowledge and experience as a real estate agent to be able to carry on that business.

26 Qualifications for property manager licence

A person is qualified to be granted a property manager licence if –

(a) the person's name has been in Part 2 of the Register at any time during the 5-year period immediately preceding the licence application; or

(b) in the case of a natural person, the person –

(i) [Section 26 Amended by No. 40 of 2020, s. 7, Applied:04 May 2022] has the qualifications required to be held by the person that are specified in a determination made and in force under section 28A(1)(b) ; and

(ii) satisfies the Board, by examination or inquiry, that the person has sufficient knowledge and experience of property management business to be able to carry on that business; or

(c) in the case of a company, one of its directors holds a property manager licence; or

(d) the person –

(i) has, at any time during the 5-year period immediately preceding the application, been authorised under the law of another State or a Territory of Australia to carry on property management business in that State or Territory; and

(ii) has been employed full time in property management business in another State or a Territory of Australia for a total period of at least 2 years during the 5-year period immediately preceding the licence application; and

(iii) [Section 26 Amended by No. 40 of 2020, s. 7, Applied:04 May 2022] except in the case of a company, has satisfied the Board, by examination or inquiry, that he or she has sufficient knowledge and experience as a property manager to be able to carry on that business.

27 Qualifications for general auctioneer licence

A person is qualified to be granted a general auctioneer licence if –

(a) the person's name has been in Part 3 of the Register at any time during the 5-year period immediately preceding the licence application; or

(b) in the case of a natural person, the person –

(i) [Section 27 Amended by No. 40 of 2020, s. 8, Applied:04 May 2022] has the qualifications required to be held by the person that are specified in a determination made and in force under section 28A(1)(c) ; or

(ii) satisfies the Board, by examination or inquiry, that the person has sufficient knowledge and experience of general auctioneering business to be able to carry on that business; or

(c) in the case of a company, one of its directors holds a general auctioneer licence; or

(d) the person –

(i) has, at any time during the 5-year period immediately preceding the application, been authorised under the law of another State or a Territory of Australia to carry on general auctioneering business in that State or Territory; and

(ii) has been employed full time in general auctioneering business in another State or a Territory of Australia for a total period of at least 2 years during the 5-year period immediately preceding the licence application; and

(iii) [Section 27 Amended by No. 40 of 2020, s. 8, Applied:04 May 2022] except in the case of a company, has satisfied the Board, by examination or inquiry, that he or she has sufficient knowledge and experience as a general auctioneer to be able to carry on that business.

28 Qualifications for property representative licence

A person is qualified to be granted a property representative licence if the person –

(a) [Section 28 Amended by No. 40 of 2020, s. 9, Applied:04 May 2022] has the qualifications required to be held by the person that are specified in a determination made and in force under section 28A(1)(d) ; or

(b) satisfies the Board, by examination or inquiry, that the person has sufficient knowledge and experience of the functions of a property representative to be able to carry on that occupation.

28A Board may make determinations on qualifications

[Section 28A Inserted by No. 40 of 2020, s. 10, Applied:04 May 2022]

(1)  The Board may make a determination specifying the qualifications, including national qualifications, that the Board considers are required to be held by a person in order for the person to be granted a –

(a) real estate agent licence; or

(b) property manager licence; or

(c) general auctioneer licence; or

(d) property representative licence.

(2)  The Board may vary or revoke a determination made under subsection (1) .

(3)  The Board is to ensure that a determination made under subsection (1) , or a variation or a revocation of the determination –

(a) is published in a manner that the Board thinks fit before the determination or variation comes into effect or the revocation takes effect; and

(b) specifies the period for which the determination or variation is in effect or the time when the revocation takes effect; and

(c) remains published while the determination or variation remains in effect; and

(d) is made available for inspection by members of the public and property agents –

(i) at the public office of the Board; and

(ii) on the website of the Board.

Part 4 Register

29 Board to maintain Register

(1)  The Board is to maintain a Register of Property Agents.

(2)  The Register is to be divided into 4 Parts.

(3)  Those Parts are to be –

(a) [Section 29 Subsection (3) amended by No. 40 of 2020, s. 11, Applied:04 May 2022] [Section 29 Subsection (3) amended by No. 29 of 2022, s. 75, Applied:01 Jul 2023] Part 1– Real Estate Agents, which is to contain the name and business address of each real estate agent, including each real estate agent, holding a real estate agent licence by virtue of holding deemed registration, who has notified the Board under section 24B(2) of the real estate agent’s entitlement to hold deemed registration; and

(b) [Section 29 Subsection (3) amended by No. 40 of 2020, s. 11, Applied:04 May 2022] [Section 29 Subsection (3) amended by No. 29 of 2022, s. 75, Applied:01 Jul 2023] Part 2– Property Managers, which is to contain the name and business address of each property manager, including each property manager, holding a property manager licence by virtue of holding deemed registration, who has notified the Board under section 24B(2) of the property manager’s entitlement to hold deemed registration; and

(c) [Section 29 Subsection (3) amended by No. 40 of 2020, s. 11, Applied:04 May 2022] [Section 29 Subsection (3) amended by No. 29 of 2022, s. 75, Applied:01 Jul 2023] Part 3– General Auctioneers, which is to contain the name and business address of each general auctioneer, including each general auctioneer, holding a general auctioneer licence by virtue of holding deemed registration, who has notified the Board under section 24B(2) of the general auctioneer’s entitlement to hold deemed registration; and

(d) [Section 29 Subsection (3) amended by No. 40 of 2020, s. 11, Applied:04 May 2022] [Section 29 Subsection (3) amended by No. 29 of 2022, s. 75, Applied:01 Jul 2023] Part 4– Property Representatives, which is to contain the name and business address of each property representative, including each property representative, holding a property representative licence by virtue of holding deemed registration, who has notified the Board under section 24B(2) of the property representative’s entitlement to hold deemed registration.

(4)  The Register may be kept in any form that permits its contents to be readily inspected in a legible form.

(5)  The Board is to make the Register available for public inspection during normal business hours.

(6)  The Board is to publish the Register on its website.

30 Part 1 of Register

(1)  Part 1 of the Register is to be divided into –

(a) [Section 30 Subsection (1) amended by No. 40 of 2020, s. 12, Applied:04 May 2022] Division (1), which is to contain the name and business address of each real estate agent who is carrying on real estate agency business and show, in addition, the address of each place where that agent is carrying on that business and the name under which that agent is doing so; and

(b) [Section 30 Subsection (1) amended by No. 40 of 2020, s. 12, Applied:04 May 2022] Division (2), which is to contain the names and business addresses of all other real estate agents and any other information approved by the Board.

(2)  [Section 30 Subsection (2) amended by No. 40 of 2020, s. 12, Applied:04 May 2022] If a real estate agent named in Part 1 of the Register is a company, the entry in respect of the agent is also to contain the name and business address of each of the directors of the agent.

(3)  [Section 30 Subsection (3) inserted by No. 29 of 2022, s. 76, Applied:01 Jul 2023] For the purposes of subsection (1) , a business address contained in Part 1 of the Register in relation to a real estate agent who holds a licence by virtue of holding deemed registration may be an address for the real estate agent in another State or a Territory.

31 Part 2 of Register

(1)  Part 2 of the Register is to be divided into –

(a) [Section 31 Subsection (1) amended by No. 40 of 2020, s. 13, Applied:04 May 2022] Division (1), which is to contain the name and business address of each property manager who is carrying on property management business and show, in addition, the address of each place where that manager is carrying on that business and the name under which that manager is doing so; and

(b) [Section 31 Subsection (1) amended by No. 40 of 2020, s. 13, Applied:04 May 2022] Division (2), which is to contain the names and business addresses of all other property managers and any other information approved by the Board.

(2)  [Section 31 Subsection (2) amended by No. 40 of 2020, s. 13, Applied:04 May 2022] If a property manager named in Part 2 is a company, the entry in respect of the manager is also to contain the name and business address of each of the directors of the manager.

(3)  [Section 31 Subsection (3) inserted by No. 29 of 2022, s. 77, Applied:01 Jul 2023] For the purposes of subsection (1) , a business address contained in Part 2 of the Register in relation to a property manager who holds a licence by virtue of holding deemed registration may be an address for the property manager in another State or a Territory.

32 Part 3 of Register

(1)  Part 3 of the Register is to be divided into –

(a) [Section 32 Subsection (1) amended by No. 40 of 2020, s. 14, Applied:04 May 2022] Division (1), which is to contain the name and business address of each general auctioneer who is carrying on general auctioneering business and show, in addition, the address of each place where that general auctioneer is carrying on that business and the name under which that general auctioneer is doing so; and

(b) [Section 32 Subsection (1) amended by No. 40 of 2020, s. 14, Applied:04 May 2022] Division (2), which is to contain the names and business addresses of all other general auctioneers and any other information approved by the Board.

(2)  [Section 32 Subsection (2) amended by No. 40 of 2020, s. 14, Applied:04 May 2022] If a general auctioneer named in Part 3 of the Register is a company, the entry in respect of the general auctioneer is also to contain the name and business address of each of the directors of the general auctioneer.

(3)  [Section 32 Subsection (3) inserted by No. 29 of 2022, s. 78, Applied:01 Jul 2023] For the purposes of subsection (1) , a business address contained in Part 3 of the Register in relation to a general auctioneer who holds a licence by virtue of holding deemed registration may be an address for the general auctioneer in another State or a Territory.

33 Part 4 of Register

[Section 33 Amended by No. 40 of 2020, s. 15, Applied:04 May 2022] [Section 33 Substituted by No. 29 of 2022, s. 79, Applied:01 Jul 2023]

(1)  Part 4 of the Register is to contain the names and business addresses of all property representatives and any other information approved by the Board.

(2)  For the purposes of subsection (1) , a business address contained in Part 4 of the Register in relation to a property representative who is a licence holder by virtue of holding deemed registration may be an address for the representative in another State or a Territory.

Part 5 Real Estate Agents and Property Managers

34 Real estate agency business to be carried on by real estate agent

A person must not carry on all or any part of real estate agency business, or hold himself or herself out as prepared to do so, unless he or she is a real estate agent named in Part 1(1) of the Register.

Penalty:  Fine not exceeding 1 000 penalty units.

35 Property management business to be carried on by property manager

A person must not carry on all or any part of property management business, or hold himself or herself out as prepared to do so, unless he or she is a property manager named in Part 2(1) of the Register.

Penalty:  Fine not exceeding 1 000 penalty units.

36 Management of real estate agency business

(1)  Subject to subsection (7) , a real estate agent named in Part 1(1) of the Register must not carry on real estate agency business unless the business is –

(a) carried on at an authorised place of business; and

(b) [Section 36 Subsection (1) amended by No. 40 of 2020, s. 16, Applied:04 May 2022] managed by a natural person who is –

(i) the real estate agent; or

(ii) a real estate agent, named in Part 1(2) of the Register, employed by the agent.

Penalty:  Fine not exceeding 50 penalty units.

(2)  A real estate agent must not manage a real estate agency business unless it is carried on at an authorised place of business for that real estate agency business.

Penalty:  Fine not exceeding 50 penalty units.

(3)  A real estate agent, unless authorised by the Board, must not manage real estate agency business at more than one authorised place of business.

Penalty:  Fine not exceeding 50 penalty units.

(4)  The Board may authorise a real estate agent to manage real estate agency business at no more than 3 authorised places of business.

(5)  Before authorising a real estate agent under subsection (4) , the Board must be satisfied that –

(a) the real estate agent is competent to manage the real estate agency business; and

(b) the places of business are all in the same region.

(6)  For the purpose of this section, a real estate agency business is being managed by a real estate agent if the agent, although not necessarily in full-time attendance at the place of business, is aware of, and has responsibility for, the day-to-day activities carried on there.

(7)  If for any reason a real estate agency business at an authorised place of business cannot be managed by the real estate agent, or by a real estate agent employed by the agent, the Board may, if it is satisfied that there are good reasons for doing so, permit the real estate agency business to be managed, for such period as the Board is to specify, by a property representative employed by the agent.

37 Management of property management business

(1)  A property manager named in Part 2(1) of the Register must not carry on property management business unless the business is –

(a) carried on at an authorised place of business; and

(b) [Section 37 Subsection (1) amended by No. 40 of 2020, s. 17, Applied:04 May 2022] managed by a natural person who is–

(i) the property manager; or

(ii) a property manager, named in Part 2(2) of the Register employed by the property manager; or

(iii) a real estate agent, named in Part 1(2) of the Register employed by the property manager.

Penalty:  Fine not exceeding 50 penalty units.

(2)  A property manager named in Part 2(2) of the Register or a real estate agent named in Part 1(2) of the Register must not manage a property management business unless it is carried on at an authorised place of business for that property management business.

Penalty:  Fine not exceeding 50 penalty units.

(3)  A property manager or real estate agent, unless authorised by the Board, must not manage a property management business at more than one authorised place of business.

Penalty:  Fine not exceeding 50 penalty units.

(4)  The Board may authorise a property manager or real estate agent to manage property management business at no more than 3 authorised places of business.

(5)  Before authorising a property manager or real estate agent under subsection (4) , the Board must be satisfied that –

(a) the property manager or real estate agent is competent to manage the property management business; and

(b) the places of business are all in the same region.

(6)  For the purpose of this section, a property management business is being managed by a property manager or real estate agent if the manager or agent, although not necessarily in full-time attendance at the place of business, is aware of, and has responsibility for, the day-to-day activities carried on there.

(7)  Despite subsection (1) , if for any reason the property management business at an authorised place of business cannot be managed by –

(a) the property manager; or

(b) by a property manager or real estate agent employed by the manager –

the Board may, if it is satisfied that there are good reasons for doing so, permit the premises to be managed, for such period as the Board is to specify, by a property representative employed by the manager.

38 Employment of property representatives

(1)  A real estate agent named in Part 1(1) of the Register or a property manager named in Part 2(1) of the Register must not employ a person to perform the functions of a property representative on behalf of the property manager or real estate agent unless the person is a property representative.

Penalty:  Fine not exceeding 500 penalty units.

(2)  A real estate agent named in Part 1(1) of the Register or a property manager named in Part 2(1) of the Register must not enter into a contract with a body corporate for the performance, by a person who is an employee or contractor of the body corporate, of the functions of a property representative unless the individual is a property representative.

Penalty:  Fine not exceeding 500 penalty units.

(2A)  [Section 38 Subsection (2A) inserted by No. 40 of 2020, s. 18, Applied:04 May 2022] For the avoidance of doubt, nothing in subsection (1) or (2) prevents –

(a) a real estate agent named in Part 1(2) of the Register from being employed or contracted, in the capacity of a real estate agent, by a real estate agent named in Part 1(1) of the Register; or

(b) a property manager named in Part 2(2) of the Register from being employed or contracted, in the capacity of a property manager, by a property manager named in Part 2(1) of the Register.

(3)  A person must not, by any means, hold himself or herself out as being a property representative employed or contracted by a real estate agent named in Part 1(1) of the Register or a property manager named in Part 2(1) of the Register, or by a body corporate, unless the person is so employed or contracted.

Penalty:  Fine not exceeding 100 penalty units.

(4)  A person must not, by any means, perform, or hold himself or herself out as qualified or prepared to perform, any of the functions of a property representative unless the person is a property representative.

Penalty:  Fine not exceeding 100 penalty units.

39 Limitations on employees of real estate agents

(1)  This section applies to –

(a) a real estate agent employed by another real estate agent to manage a branch of that agent’s real estate agency business; and

(b) a property manager, property representative, or real estate agent, employed by a real estate agent in the agent’s real estate agency business.

(2)  A person to whom this section applies must not accept employment by more than one real estate agent or property manager at any one time.

Penalty:  Fine not exceeding 50 penalty units.

(3)  A real estate agent must not employ a person to whom this section applies if the person is, to the knowledge of the agent, also employed at the same time by another real estate agent or by a property manager.

Penalty:  Fine not exceeding 50 penalty units.

40 Limitations on employees of property managers

(1)  This section applies to a property manager, a real estate agent or a property representative, employed by a property manager named in Part 2(1) of the Register.

(2)  A person to whom this section applies must not accept employment by more than one real estate agent or property manager at any one time.

Penalty:  Fine not exceeding 50 penalty units.

(3)  A property manager must not employ a person to whom this section applies if the person is, to the knowledge of the manager, also employed at the same time by another property manager or by a real estate agent.

Penalty:  Fine not exceeding 50 penalty units.

41 Limitation on employment of certain people by real estate agents

Except with the consent of the Board, a real estate agent named in Part 1(1) of the Register must not employ in any capacity a person whose property agent licence is suspended under this Act.

Penalty:  Fine not exceeding 500 penalty units.

42 Limitation on employment of certain people by property managers

Except with the consent of the Board, a property manager named in Part 2(1) of the Register must not employ in any capacity a person whose property agent licence is suspended under this Act.

Penalty:  Fine not exceeding 500 penalty units.

43 Property representatives

A person must not perform the functions of a property representative unless the person is a property representative.

Penalty:  Fine not exceeding 500 penalty units.

44 Appointment of real estate agents to be in writing

(1)  In this section –

agency agreement means an agreement, between a real estate agent and the owner of property or a business, under which the real estate agent agrees, as agent for the owner, to induce or attempt to induce, or negotiate with a view to inducing, people to do all or any of the following:

(a) acquire the property or business;

(b) make an offer to acquire the property or business;

(c) enter into a contract to acquire the property or business.

(2)  Except by leave of a court, a real estate agent named in Part 1(1) of the Register is not entitled to sue for, recover or retain any valuable consideration for services provided to a person by the agent in the capacity of a real estate agent unless the agent has a valid written appointment to act for the person in that capacity signed by the person or by a person authorised to sign on his or her behalf.

(3)  An appointment is not valid for the purposes of subsection (2) unless it is contained in a document that –

(a) generally sets out the services to be rendered by the agent; and

(b) if a specific property is the subject of those services, clearly identifies the property; and

(c) clearly indicates how any valuable consideration that the agent may receive is to be calculated; and

(d) clearly indicates the nature and extent of the expenses that the agent may incur on behalf of the person, and how those expenses are to be recouped; and

(e) clearly sets out how either party to the agreement may terminate the appointment.

(4)  An appointment by a person of a real estate agent named in Part 1(1) of the Register is not a valid appointment for the purposes of subsection (2) unless the person obtaining the signature to the appointment gives a copy of it to the signatory as soon as practicable after it is signed.

(5)  The onus of proof that subsection (4) was complied with is on the person who obtained the signature.

(6)  A real estate agent must not –

(a) demand any valuable consideration in contravention of subsection (2) ; or

(b) demand any valuable consideration from a purchaser of any land at a public auction conducted by the real estate agent.

Penalty:  Fine not exceeding 50 penalty units.

(7)  Any valuable consideration received by a real estate agent in contravention of subsection (2) or (6) is recoverable as a debt by the person from whom the real estate agent received it.

(8)  A written appointment under subsection (2) that –

(a) is not an agency agreement; and

(b) is not expressed to be for a fixed period, or is expressed to be for a period of more than 30 days –

may be terminated by either party giving to the other at least 30 days' written notice of termination.

(9)  A written appointment under subsection (2) that is an agency agreement may be terminated by either party giving to the other not more than 30 days' written notice of termination.

(10)  A written appointment under subsection (2) that is an agency agreement is not valid for a period exceeding 120 days beginning on the day on which the agreement is signed.

(11)  However, subsection (10) does not apply if the agent is engaged by a property developer, being a person who is developing property whether by way of construction or alteration solely with a view to sale.

45 Entitlement to commission after written appointment expires

(1)  In this section –

specified property, in relation to a written appointment under section 44(2) , means a property specified in that appointment.

(2)  A real estate agent appointed to act for a person (the vendor) under a written appointment under section 44(2) , is entitled to sue for, recover or retain any valuable consideration for services provided under that written appointment if –

(a) within 90 days after the expiry or termination of the written appointment, the specified property is sold by the vendor; and

(b) the real estate agent had –

(i) introduced the purchaser to the vendor; or

(ii) shown the specified property to the purchaser; and

(c) the introduction or showing of the property was the effective cause of the sale.

(3)  Subsection (2) does not apply if the sale of the specified property is subject to a valid written appointment under section 44(2) .

46 Appointment of property managers to be in writing

(1)  Except by leave of a court, a property manager named in Part 2(1) of the Register is not entitled to sue for, recover or retain any valuable consideration for services provided to a person by the manager in the capacity of a property manager carrying on property management business unless the manager has a valid written appointment to act for the person in that capacity signed by the person or by a person authorised to sign on his or her behalf.

(2)  An appointment is not valid for the purposes of subsection (1) unless it is contained in a document that –

(a) generally sets out the services to be rendered by the property manager; and

(b) if a specific property is the subject of those services, clearly identifies the property; and

(c) clearly indicates how any valuable consideration that the manager may receive is to be calculated; and

(d) clearly indicates the nature and extent of the expenses that the manager may incur on behalf of the client, and how those expenses are to be recouped; and

(e) clearly sets out how either party may terminate the appointment.

(3)  An appointment by a person of a property manager named in Part 2(1) of the Register is not a valid appointment for the purposes of subsection (1) unless the person obtaining the signature to the appointment gives a copy of it to the signatory as soon as practicable after it is signed.

(4)  The onus of proof that subsection (3) was complied with is on the person who obtained the signature.

(5)  A property manager must not demand any valuable consideration in contravention of subsection (1) .

Penalty:  Fine not exceeding 500 penalty units.

(6)  Any valuable consideration received by a property manager in contravention of subsection (1) or (5) is recoverable as a debt by the person from whom the property manager received it.

(7)  A written appointment mentioned in subsection (1) that is not expressed to be for a fixed period, or is expressed to be for a period of more than 30 days, may be terminated by either party giving to the other at least 30 days' written notice of termination.

47 Property agent to disclose any benefits

(1)  In this section –

benefit includes commission.

(2)  Subject to subsection (4) , a property agent must disclose to a person for whom the agent is appointed to act in relation to a property or to a purchase of a property –

(a) any benefit received by the agent from a third party or given by the agent to a third party in exchange for the referral of business to the agent; or

(b) any other benefit the agent receives or is to receive as a result of that appointment.

Penalty:  Fine not exceeding 500 penalty units.

(3)  If a property agent fails to comply with subsection (2)  –

(a) any fee or other amount that the agent may otherwise have been entitled to receive from the person for whom the agent is engaged to act is not payable; and

(b) any such fee or amount paid may be recovered in a court of competent jurisdiction as a debt due to the person who made the payment.

(4)  Subsection (2) does not apply to a benefit worth $100 or less.

48 Fees not recoverable in certain circumstances

(1)  A person is not entitled to bring an action to recover any valuable consideration for services provided by the person in the capacity of a real estate agent named in Part 1(1) of the Register unless the person was such a real estate agent both when engaged to act as a real estate agent and when acting as a real estate agent.

(2)  A real estate agent is not entitled to bring an action to recover any valuable consideration for services performed by the agent in the course of any real estate agency business carried on by the agent unless the agent has furnished to the person against whom the action is to be brought a written statement setting out details of those services and the amount claimed in respect of each service.

(3)  A person is not entitled to bring an action to recover any valuable consideration for services provided by the person in the capacity of a property manager carrying on property management business unless the person was a property manager named in Part 2(1) of the Register both when engaged to act as a property manager and when acting as a property manager.

(4)  A property manager is not entitled to bring an action to recover any valuable consideration for services performed by the property manager in the course of carrying on property management business unless the property manager has furnished to the person against whom the action is to be brought a written statement setting out details of those services and the amount claimed in respect of each service.

49 Conflict of interest – acquisition of property

(1)  A real estate agent or a person employed by a real estate agent must not acquire or attempt to acquire, directly or indirectly, an interest in property that the agent is instructed to sell.

Penalty:  Fine not exceeding 500 penalty units.

(2)  A real estate agent is guilty of an offence if a person employed by the agent acquires or attempts to acquire, directly or indirectly, an interest in property that the agent is instructed to sell.

Penalty:  Fine not exceeding 500 penalty units.

(3)  A director of a real estate agent that is a company must not acquire or attempt to acquire, directly or indirectly, an interest in property that the agent is instructed to sell.

Penalty:  Fine not exceeding 500 penalty units.

(4)  A real estate agent that is a company is guilty of an offence if a director of the company acquires or attempts to acquire, directly or indirectly, an interest in property that the agent is instructed to sell.

Penalty:  Fine not exceeding 500 penalty units.

(5)  It is a defence for a person charged with an offence under subsection (1) , (2) , (3) or (4) for the person to show that the acquisition was made with the written approval of the owner of the property given before negotiations for the acquisition of the interest were entered into and after a full disclosure of all the relevant facts by the person seeking the approval.

(6)  A person is guilty of an offence under subsection (1) , (2) , (3) or (4) if the person acquired the interest either in the course of business or in a private capacity.

(7)  Without prejudice to the generality of subsection (1) , (2) , (3) or (4) , a person is taken to acquire an interest in property for the purposes of any of those subsections if an interest in the property is acquired by or on behalf of a relative of the person.

(8)  It is a defence for a person charged with an offence under subsection (1) , (2) , (3) or (4) for the person to show that –

(a) the person acted honestly and reasonably; and

(b) the person who sold the property is in substantially as good a position as if the subsection had been complied with.

(9)  A real estate agent must not, directly or indirectly, demand, receive or hold any valuable consideration in respect of a transaction in which the agent, a person employed by the agent, or a director of the agent, has acquired an interest in property in contravention of this section.

Penalty:  Fine not exceeding 500 penalty units.

(10)  A court before which a person has been convicted of an offence under this section is to order –

(a) the person to pay to the vendor of the property any profit that was made, or, in the court's opinion, is likely to be made, from the acquisition of the property or from any related transaction; and

(b) that any commission or other valuable consideration received or held by a real estate agent in contravention of subsection (9) be paid to the vendor of the property.

50 Conflict of interest – sale of property

(1)  A real estate agent must not, in the course of business as a real estate agent, sell or attempt to sell, directly or indirectly, an interest in property owned by –

(a) the real estate agent; or

(b) a person employed by the real estate agent; or

(c) where the real estate agent is a company, a director of the company; or

(d) a relative of a person mentioned in paragraph (a), (b) or (c) –

unless a full disclosure of all the relevant facts is made before the sale or the attempt to sell.

Penalty:  Fine not exceeding 500 penalty units.

(2)  A court before which a real estate agent has been convicted of an offence under subsection (1) is to order that the agent pay to any purchaser of the property any profit that, in the court's opinion, was made but would not have been made if there had been a full disclosure of all the relevant facts.

(3)  It is a defence for a person charged with an offence under subsection (1)(d) for the person to show that he or she could not reasonably have known that a person was a relative of a person mentioned in paragraph (a), (b) or (c) of subsection (1) .

51 Franchising agreements

(1)  In this section –

franchising agreement means an agreement that permits a real estate agent to carry on real estate agency business on the condition that another person who is entitled to carry on real estate agency business (whether in Tasmania or elsewhere) receives valuable consideration.

(2)  If a real estate agent carries on real estate agency business pursuant to a franchising agreement –

(a) each party to the agreement is guilty of an offence under section 135 if the real estate agent fails to comply with that section; and

(b) the parties to the agreement are each liable if criminal or fraudulent conduct in the course of the real estate agency business causes pecuniary or property loss to another person.

(3)  A real estate agent carrying on real estate agency business under a franchising agreement must include the name of the franchisee on the premises from which the agent carries on that business.

52 Notice to be displayed by real estate agents

(1)  A real estate agent must display at each authorised place of business, in a conspicuous position where it may be easily read, a notice stating the agent's name and the fact that the agent is a real estate agent.

Penalty:  Fine not exceeding 50 penalty units.

(2)  If a real estate agent ceases to carry on real estate agency business at an authorised place of business, the agent must remove or destroy the notice as soon as practicable.

Penalty:  Fine not exceeding 50 penalty units.

53 Notice to be displayed by property managers

(1)  A property manager must display at each authorised place of business, in a conspicuous position where it may be easily read, a notice stating the manager's name and the fact that the manager is a property manager.

Penalty:  Fine not exceeding 50 penalty units.

(2)  If a property manager ceases to carry on property management business at an authorised place of business, the manager must remove or destroy the notice as soon as practicable.

Penalty:  Fine not exceeding 50 penalty units.

54 Requirements of advertisements by real estate agents

A real estate agent must ensure that advertisements published in connection with the agent's real estate agency business contain the real estate agent's name and the address of the agent's authorised place of business.

Penalty:  Fine not exceeding 50 penalty units.

55 Requirements of advertisements by property managers

A property manager must ensure that advertisements published in connection with the manager's property management business contain the property manager's name and the address of the manager's authorised place of business.

Penalty:  Fine not exceeding 50 penalty units.

56 False or misleading advertising, &c., by property agents

[Section 56 Substituted by No. 40 of 2020, s. 19, Applied:04 May 2022]

(1)  A property agent must not represent in any way to someone else anything that is false or misleading in relation to the letting or sale of property.

Penalty:  Fine not exceeding 500 penalty units.

(2)  It is a defence for a person charged with an offence against subsection (1) for the person to prove that, at the time when the representation was made, he or she believed, on reasonable grounds –

(a) in the case of an offence of false representation, that the representation was true; or

(b) in the case of an offence of misleading representation, that the representation was not misleading.

57 Name under which real estate agents may carry on business

(1)  Subject to subsection (2) , a real estate agent must not carry on real estate agency business otherwise than under the name of the agent or, where agents are carrying on business in partnership, the names of the agents.

Penalty:  Fine not exceeding 50 penalty units.

(2)  The Board may authorise a real estate agent, or agents carrying on business in partnership, to carry on real estate agency business under a name in addition to, or in substitution for, the name of the agent or agents.

(3)  If subsection (2) applies, the Board is to include the authorised name in the entry in the Register in respect of the agent or agents.

(4)  Subsection (2) is subject to the Business Names Registration Act 2011 of the Commonwealth.

58 Name under which property managers may carry on business

(1)  Subject to subsection (2) , a property manager must not carry on property management business otherwise than under the name of the property manager or, where property managers are carrying on business in partnership, the names of the managers.

Penalty:  Fine not exceeding 50 penalty units.

(2)  The Board may authorise a property manager or managers carrying on business in partnership to carry on property management business under a name in addition to, or in substitution for, the name of the manager or managers.

(3)  If subsection (2) applies, the Board is to include the authorised name in the entry in the Register in respect of the manager or managers.

(4)  Subsection (2) is subject to the Business Names Registration Act 2011 of the Commonwealth.

Part 6 Auctions

59 Auctioneering to be carried on by general auctioneer or real estate agent

(1)  A person must not carry on all or any part of general auctioneering business or hold himself or herself out as prepared to do so unless the person is a general auctioneer named in Part 3(1) of the Register or a real estate agent named in Part 1(1) of the Register.

Penalty:  Fine not exceeding 1 000 penalty units.

(2)  A person must not conduct a public auction of land unless that person is a real estate agent named in Part 1(1) of the Register or a person employed or otherwise contracted by such a real estate agent and the auction is conducted as part of the real estate agency business of the agent.

Penalty:  Fine not exceeding 50 penalty units.

(3)  Despite subsections (1) and (2) –

(a) a public auction authorised by an Act may be conducted by a person authorised to do so by that Act; and

(b) a public auction under a writ or process issued by or out of a court may be conducted by a person authorised to do so by the court; and

(c) a public auction, the gross proceeds of which are to be used for a charitable purpose, may be conducted by a person who is not an auctioneer or agent mentioned in subsection (1) .

(4)  This Part applies to a public auction referred to in subsection (3) and a reference to an auctioneer is taken to include a reference to a person conducting an auction in accordance with that subsection.

60 Management of general auctioneering business

(1)  A general auctioneer named in Part 3(1) of the Register must not carry on general auctioneering business unless the business is –

(a) carried on at an authorised place of business; and

(b) [Section 60 Subsection (1) amended by No. 40 of 2020, s. 20, Applied:04 May 2022] managed by a natural person who is –

(i) the general auctioneer; or

(ii) a general auctioneer named in Part 3(2) of the Register employed by the auctioneer.

Penalty:  Fine not exceeding 50 penalty units.

(2)  A general auctioneer must not manage a general auctioneering business unless it is carried on at an authorised place of business for that business.

Penalty:  Fine not exceeding 50 penalty units.

61 Limitation on employment of certain people by general auctioneers

Except with the consent of the Board, a general auctioneer named in Part 3(1) of the Register must not employ in any capacity a person whose property agent licence is suspended under this Act.

Penalty:  Fine not exceeding 500 penalty units.

62 Name under which general auctioneer may carry on business

(1)  Subject to subsection (2) , a general auctioneer must not carry on general auctioneering business otherwise than under the name of the auctioneer or, where general auctioneers are carrying on business in partnership, the names of the auctioneers.

Penalty:  Fine not exceeding 50 penalty units.

(2)  The Board may authorise a general auctioneer or auctioneers carrying on business in partnership to carry on general auctioneering business under a name in addition to, or in substitution for, the name of the auctioneer or auctioneers.

(3)  If subsection (2) applies, the Board is to include the authorised name in the entry in the Register in respect of the auctioneer or auctioneers.

(4)  Subsection (2) is subject to the Business Names Registration Act 2011 of the Commonwealth.

63 Notice to be displayed

(1)  A general auctioneer must display at each authorised place of business, in a conspicuous position where it may be easily read, a notice stating the auctioneer’s name and the fact that the auctioneer is a general auctioneer.

Penalty:  Fine not exceeding 50 penalty units.

(2)  If a general auctioneer ceases to carry on general auctioneering business at an authorised place of business, the auctioneer must remove or destroy the notice as soon as practicable.

Penalty:  Fine not exceeding 50 penalty units.

64 Requirements of advertisements by general auctioneers

A general auctioneer must ensure that an advertisement published in connection with the general auctioneer's general auctioneering business contains the auctioneer's name and the address of the general auctioneer's authorised place of business.

Penalty:  Fine not exceeding 50 penalty units.

65 False advertising, &c., by general auctioneers

[Section 65 Substituted by No. 40 of 2020, s. 21, Applied:04 May 2022]

(1)  A general auctioneer must not represent in any way to someone else anything that is false or misleading in relation to the sale of property by auction.

Penalty:  Fine not exceeding 500 penalty units.

(2)  It is a defence for a person charged with an offence against subsection (1) for the person to prove that, at the time when the representation was made, he or she believed, on reasonable grounds –

(a) in the case of an offence of false representation, that the representation was true; or

(b) in the case of an offence of misleading representation, that the representation was not misleading.

66 Misrepresentations at public auctions

A general auctioneer offering property for sale by public auction must not knowingly misrepresent the value, composition, structure, character, quality, origin or manufacture of the property.

Penalty:  Fine not exceeding 500 penalty units.

67 Bids by owner at public auction

(1)  At a public auction of land –

(a) the owner of the land must not bid or cause a person to bid on the owner's behalf; and

(b) a person must not bid on behalf of the owner of the land; and

(c) the auctioneer conducting the auction must not accept a bid from a person who the auctioneer knows is bidding in contravention of paragraph (a) or (b) .

Penalty:  Fine not exceeding 500 penalty units.

(2)  A person must not procure another person to make a bid that is contrary to subsection (1)(b) .

Penalty:  Fine not exceeding 500 penalty units.

(3)  It is not a defence to a charge for an offence under subsection (1) to prove that the person making the bid was not in Tasmania at the time the bid was made.

(4)  For the purposes of subsection (1)(b) , a bid may be found to have been made on behalf of an owner even though it was not made at the request of, or with the knowledge of, the owner.

(5)  Evidence that a person who made a bid at a public auction had the intention of benefiting the owner in making the bid is evidence that the person made the bid on behalf of the owner.

(6)  It is a defence to a charge for an offence under subsection (1) to prove –

(a) that the land that was auctioned was owned by more than one person; and

(b) that one or more of those persons was attempting, in good faith, to acquire a greater interest in the land; and

(c) that the auctioneer had been advised of the situation by or on behalf of that person before the start of the auction.

68 Permissible owner bids

(1)  Despite section 67 , an auctioneer conducting a public auction of land may make a bid on behalf of an owner of the land if –

(a) the conditions under which the auction is conducted permit the making of the bid; and

(b) before the bidding starts, the auctioneer orally declares at the auction that the conditions permit the making of the bid; and

(c) immediately before or in the process of making the bid, the auctioneer audibly states that the bid is being made on behalf of the owner.

(2)  A bid mentioned in subsection (1) must be made by the auctioneer personally and not by a person acting on behalf of the auctioneer.

(3)  It is sufficient compliance with the requirement of subsection (1)(c) to identify a bid as a bid by an owner if the auctioneer states "vendor bid" in making the bid.

(4)  It is not sufficient compliance with the requirement of subsection (1)(c) to identify a bid as a bid by an owner if the auctioneer merely identifies the owner by name without stating that the bidder is an owner.

69 Dummy bids

An auctioneer conducting a public auction must not appear to acknowledge the making of a bid if no bid was made.

Penalty:  Fine not exceeding 500 penalty units.

70 Offence to falsely acknowledge bid

A person at a public auction must not –

(a) falsely claim to have made a bid; or

(b) falsely acknowledge that he or she made a bid.

Penalty:  Fine not exceeding 500 penalty units.

71 Conditions of public auctions to be made available before auction starts

(1)  A real estate agent must not conduct a public auction of land unless, a reasonable time before the start of the auction, the agent has made available for public inspection a copy of the conditions under which the auction is to be conducted.

Penalty:  Fine not exceeding 50 penalty units.

(2)  Subsection (1) is to be taken not to have been complied with unless –

(a) the conditions were made available for public inspection at least 7 days before the start of the auction; and

(b) their availability was published in such a manner as to bring their availability to the attention of persons likely to attend the auction; and

(c) the conditions were also on display for public inspection immediately before the auction at the place where it was to be conducted.

72 Last vendor bid to be identified if property passed in

(1)  This section applies where –

(a) a public auction of land is conducted at which any land is not sold; and

(b) the last bid made before the public auction stopped was a bid made on behalf of an owner of the land by the auctioneer conducting the auction.

(2)  In making any statement while marketing the land, a person must not state the amount of the last bid without also stating that the bid was a bid made on behalf of an owner of the land.

Penalty:  Fine not exceeding 500 penalty units.

(3)  For the purposes of subsection (2) , a statement is made by a person while marketing land if it is made by or on behalf of the person –

(a) in any information published in respect of the land; or

(b) orally or in writing to a prospective purchaser of the land.

(4)  A person who advises another person of the amount of the last bid to enable the amount to be published must also advise that person that the bid was a bid made on behalf of an owner of the land.

Penalty:  Fine not exceeding 500 penalty units.

(5)  A person who is a publisher of public auction sales results must not publish the fact that any land was passed in for the amount of the last bid without also stating that the bid was a bid made on behalf of an owner of the land.

Penalty:  Fine not exceeding 500 penalty units.

(6)  It is a defence to a charge for an offence under subsection (2) or (5) if the person making the statement, or publishing the amount –

(a) was not present at the auction; and

(b) relied on a statement made by a person who purported to know what had happened at the auction.

(7)  It is sufficient compliance with subsection (2) or (5) if the amount is described as a "vendor bid".

73 Right to compensation if Part breached

A purchaser at a public auction who has suffered loss or damage as a result of a failure by any person to comply with a provision of this Part has a right to claim compensation from that person.

74 Contrary conditions are void

A condition applying at a public auction that is contrary to, or that purports to restrict or modify a requirement imposed by, this Part is void.

75 Interpretation of Division 3

In this Division –

auction means a public auction or private auction.

76 Certain bidding agreements unlawful

(1)  In this section –

dealer means a person who in the normal course of business attends auctions to purchase property for resale.

(2)  A dealer must not give, agree to give or offer a gift or any other consideration to a person as an inducement or reward for abstaining or having abstained from bidding at an auction.

Penalty:  Fine not exceeding 500 penalty units.

(3)  A person must not accept, agree to accept or attempt to obtain from a dealer a gift or any other consideration for abstaining or having abstained from bidding at an auction.

Penalty:  Fine not exceeding 500 penalty units.

77 Collusive practices prohibited at auctions

(1)  In this section –

unlawful promise means a promise, expressed or implied, made by a person that, if that person is the successful bidder in respect of property sold at an auction –

(a) the person to whom the promise was made will have the right to elect to take over as purchaser, through the auctioneer, the property, or any part of it, at the auction price; or

(b) the ownership of the property, or any part of it, will be decided by a specified method.

(2)  A person must not, by means of an unlawful promise made to a person at an auction, induce or attempt to induce the person –

(a) to abstain from bidding, either generally or for any particular lot; or

(b) not to bid, except to a limited extent; or

(c) to do any act or thing which may in any way prevent or tend to prevent free and open competition.

Penalty:  Fine not exceeding 500 penalty units.

(3)  A person at an auction must not, as a result of an unlawful promise made to that person –

(a) abstain or agree to abstain from bidding, either generally or for any particular lot; or

(b) not bid, except to a limited extent; or

(c) do or agree to do any other act or thing which may in any way prevent or tend to prevent free and open competition.

Penalty:  Fine not exceeding 500 penalty units.

78 Successful bidder to supply information to auctioneer

(1)  A person who makes the successful bid at an auction must, as soon as practicable after the acceptance of the bid, give to the auctioneer –

(a) his or her name and address if the bid was made on his or her own behalf; or

(b) if the bid was made on behalf of another person, the name and address of the other person.

Penalty:  Fine not exceeding 50 penalty units.

(2)  Subsection (1) does not apply if the person who made the successful bid gave the information mentioned in subsection (1)(a) or subsection (1)(b) to the auctioneer before the auction.

79 Certain notices to be given at auction

A general auctioneer or real estate agent must not conduct an auction until notice has been given of the relevant and material parts of sections 67 , 69 , 70 , 76 , 77 and 78 in any manner and form approved by the Board.

Penalty:  Fine not exceeding 50 penalty units.

Division 4 Remuneration of general auctioneers

80 Appointment of general auctioneer to be in writing

(1)  Except by leave of a court, a general auctioneer named in Part 3(1) of the Register is not entitled to sue for, recover or retain any valuable consideration for services, provided to a person by the auctioneer in the capacity of a general auctioneer, unless the auctioneer has a valid written appointment to act for the person in that capacity that is signed by the person or by another person authorised to sign on the person's behalf.

(2)  An appointment is not valid for the purposes of subsection (1) unless it is contained in a document that –

(a) generally sets out the services to be rendered by the general auctioneer; and

(b) if specific property is the subject of those services, clearly identifies the property; and

(c) clearly indicates how any valuable consideration the general auctioneer may receive is to be calculated; and

(d) clearly indicates the nature and extent of the expenses the general auctioneer may incur on behalf of the client, and how those expenses are to be recouped.

(3)  An appointment by a person of a general auctioneer named in Part 3(1) of the Register is not a valid appointment of the auctioneer for the purposes of subsection (1) unless the person obtaining the signature to the appointment gives a copy of it to the signatory as soon as practicable after it is signed.

(4)  The onus of proof that subsection (3) was complied with is on the person who obtained the signature.

(5)  A general auctioneer must not –

(a) demand any valuable consideration in contravention of subsection (1) ; or

(b) demand any valuable consideration from a purchaser of any real property at a public auction conducted by the auctioneer.

Penalty:  Fine not exceeding 500 penalty units.

(6)  Any valuable consideration received by a general auctioneer in contravention of subsection (1) or (5) is recoverable as a debt by the person from whom the general auctioneer received it.

81 General auctioneer to disclose any benefits

(1)  In this section –

benefit includes commission.

(2)  A general auctioneer must disclose to a person for whom the auctioneer is appointed to act –

(a) any benefit received by the auctioneer from a third party or given by the auctioneer to a third party in exchange for the referral of business to the auctioneer; or

(b) any other benefit that the auctioneer receives or is to receive as a result of that appointment.

Penalty:  Fine not exceeding 500 penalty units.

(3)  If a general auctioneer fails to comply with subsection (2) , any fee or other amount the auctioneer may otherwise have been entitled to receive, from the person for whom the auctioneer is engaged to act, is not payable and any amount paid may be recovered in a court of competent jurisdiction as a debt due to the person who made the payment.

(4)  Subsection (2) does not apply to a benefit worth $100 or less.

82 Fees not recoverable in certain circumstances

(1)  A person is not entitled to bring an action to recover any valuable consideration for services provided by the person in the capacity of a general auctioneer unless the person was a general auctioneer named in Part 3(1) of the Register both when engaged to act as such and while so acting.

(2)  A general auctioneer is not entitled to bring an action to recover any valuable consideration for services performed by the auctioneer in the course of any general auctioneering business carried on by the auctioneer unless the auctioneer has furnished to the person against whom the action is to be brought a written statement setting out details of those services and the amount claimed in respect of each service.

Part 7 Complaints and Discipline

83 Interpretation of Part 7

(1)  In this Part –

conduct means conduct whether consisting of an act or an omission;

conduct complaint means a complaint that appears to involve an issue of unsatisfactory professional conduct or professional misconduct or a conviction for a serious offence;

professional misconduct includes –

(a) unsatisfactory professional conduct of a property agent, where the conduct involves a substantial or consistent failure to reach or maintain a reasonable standard of competence and diligence; and

(b) conduct of a property agent whether occurring when acting as a property agent or occurring otherwise than when acting as a property agent, that would, if established, justify a finding that the property agent is not a fit and proper person to continue to act as a property agent;

serious offence means an offence, whether committed in or outside Tasmania, that is –

(a) an indictable offence against a law of the Commonwealth or the State or Territory in which the offence is committed (whether or not the offence is or may be dealt with summarily); or

(b) an offence against a law of another State or a Territory that would be an indictable offence against a law of Tasmania if committed in Tasmania (whether or not the offence could be dealt with summarily if committed in Tasmania); or

(c) an offence against a law of a foreign country that would be an indictable offence against a law of the Commonwealth or Tasmania if committed in Tasmania (whether or not the offence could be dealt with summarily if committed in Tasmania);

unsatisfactory professional conduct includes conduct of a property agent when acting as a property agent that falls short of the standard of competence and diligence that a reasonable member of the public is entitled to expect from a reasonably competent property agent.

(2)  If it is proved that unsatisfactory professional conduct or professional misconduct committed by a person employed by a real estate agent named in Part 1(1) of the Register, a property manager named in Part 2(1) of the Register or a general auctioneer named in Part 3(1) of the Register was committed with the consent or connivance of, or was attributable to neglect or default on the part of, the agent, manager or auctioneer, the agent, manager or auctioneer is also guilty of that conduct.

84 Code of Conduct to be developed by Board

(1)  The Board must establish and keep under review a Code of Conduct for property agents to regulate their professional practice, conduct and discipline.

(2)  The Code of Conduct may relate to provisions of this Act in respect of –

(a) the licensing of property agents; and

(b) the qualifications required for each class of property agent; and

(c) the cancellation or suspension of, or the imposition of conditions on, property agents licences; and

(d) the reasons for prohibiting a person from undertaking certain activities within the property agents industry; and

(e) the supervision of trust accounts, including the keeping, inspection and auditing of records relating to money received, held or paid on behalf of clients; and

(f) prohibiting or regulating advertisements by property agents, including the form and content of advertisements and the manner in which advertisements may be published or displayed.

(3)  In drawing up the Code or any amendment to it, the Board is to consult with each body that it considers represents the interests of property agents and relevant consumers.

(4)  A requirement of the Code may be made so as to apply –

(a) differently according to factors, limitations or restrictions specified in the Code; or

(b) to a particular property agent or a defined class of property agents.

(5)  [Section 84 Subsection (5) substituted by No. 40 of 2020, s. 22, Applied:04 May 2022] The Board is to cause the Code and every revised edition of it to be –

(a) made available for inspection by members of the public and property agents –

(i) at the public office of the Board; and

(ii) on the website of the Board; and

(b) emailed to each property agent’s email address.

(6)  The Board is also to publish the Code in such a manner as to make it easily available to members of the public.

85 Application of Code of Conduct

(1)  The Code of Conduct is to contain guidance on what does or does not constitute unsatisfactory professional conduct and professional misconduct.

(2)  The Code is to specify, in particular, the obligation that a real estate agent named in Part 1(1) of the Register, a property manager named in Part 2(1) of the Register or a general auctioneer named in Part 3(1) of the Register has to supervise people employed by the agent, manager or auctioneer, and the agent’s, manager’s or auctioneer’s liability in the event of their failure to carry out that obligation.

(3)  A failure on the part of a property agent to observe a provision of the Code does not of itself render the property agent liable to disciplinary action, but the failure may be relied upon as tending to establish that the property agent was guilty of unsatisfactory professional conduct or professional misconduct.

86 Complaints about conduct of property agents

(1)  A complaint may be made to the Board about the conduct of a property agent by any person.

(2)  The fact that a person has suffered no economic loss or that no legal right of the person has been affected by the conduct complained about does not bar the person from making a conduct complaint.

(3)  The fact that the licence of a property agent was suspended or had been cancelled at the time of the conduct complained about does not affect a person's right under this section to complain to the Board about that conduct.

(4)  The fact that a person has ceased –

(a) to act as a property agent; or

(b) to carry on real estate agency business, property management business or general auctioneering business –

since the time of the conduct complained about does not affect a person's right under this section to complain to the Board about that conduct.

(5)  This Part applies in relation to the conduct of a person who has ceased –

(a) to act as a property agent; or

(b) to carry on real estate agency business, property management business or general auctioneering business –

in the same way as it would if the person were licensed as a property agent.

87 Making of complaints

(1)  A conduct complaint is to be made to the Board in writing and lodged with the Board's executive officer.

(2)  The executive officer is not to accept the lodgement of a conduct complaint unless it –

(a) includes the complainant's name and indicates how the complainant would like to be contacted should it be necessary for the Board to do so; and

(b) describes the alleged conduct that is the subject of the complaint; and

(c) sets out the name and address of the property agent against whom the complaint is being made or sufficient information to identify the property agent; and

(d) if the complainant has already complained to the property agent about the conduct of the agent, contains details of the action taken by the complainant and any action taken by the agent as a result of the complaint.

(3)  On receipt of a complaint, the executive officer is to –

(a) record the date on which the complaint was lodged; and

(b) bring the conduct complaint to the Board's attention at the first practicable opportunity.

(4)  The executive officer is to take all reasonable steps to ensure that a person who wishes to make a conduct complaint is given such assistance as is necessary to enable that person to lodge a conduct complaint with the Board.

88 Time limits for complaints

(1)  [Section 88 Subsection (1) amended by No. 29 of 2022, s. 80, Applied:01 Jul 2023] A complaint cannot be dealt with (otherwise than to dismiss it) if the complaint is made more than 2 years after the conduct complained about is alleged to have occurred, unless the Board determines that –

(a) it would not cause injustice to deal with the complaint; or

(b) it is in the public interest to deal with the complaint.

(2)  Subject to subsection (1) , the Board may deal with a conduct complaint although the conduct complained about is alleged to have occurred before the commencement of this section.

89 Further information and verification

The Board may require a complainant to do either or both of the following:

(a) give further information about the complaint;

(b) verify the complaint, or any further information, by statutory declaration.

90 Property agent to be notified of complaint

(1)  Unless a conduct complaint is summarily dismissed under section 92 , the Board must, within 7 days of the acceptance of the lodgement of a conduct complaint in respect of a property agent, give the property agent written notice of the receipt of the complaint.

(2)  Despite subsection (1) , the Board may withhold for a reasonable time giving notice in accordance with that subsection if the Board is satisfied that giving the notice may prejudice the investigation of the complaint.

(3)  A notice given under subsection (1) must –

(a) set out details of the conduct complained about; and

(b) inform the property agent that the Board seeks submissions from the property agent in respect of that conduct; and

(c) contain details of any action already taken by the Board in respect of the complaint.

91 Submission by property agent

(1)  A property agent who is the subject of a conduct complaint may, within a period specified by the Board, make submissions to the Board about the conduct complaint or its subject matter or both.

(2)  The Board may at its discretion extend the period in which submissions may be made.

(3)  The Board must consider the submissions made by the property agent before deciding what action is to be taken in relation to the complaint.

92 Summary dismissal of complaints

(1)  The Board may dismiss a complaint if –

(a) any information it requests the complainant to provide to the Board is not provided within a reasonable time; or

(b) any information it has requested be verified by a statutory declaration is not verified in that way within a reasonable time; or

(c) the Board is satisfied that the complaint is vexatious, misconceived, frivolous or lacking in substance.

(2)  The Board is to dismiss a conduct complaint if it is satisfied that the conduct complained about has been the subject of a previous complaint either by the same or another person and that appropriate action was taken in respect of that previous complaint.

93 Withdrawal of complaints

(1)  A complainant may give written notice to the executive officer of the Board withdrawing the conduct complaint.

(2)  The executive officer is to bring the notice to the attention of the Board at the first practicable opportunity.

(3)  Despite receipt of the notice, the Board may continue investigating the complaint if it is satisfied that it is in the public interest to do so.

(4)  A conduct complaint cannot be withdrawn if at the time of the notice of withdrawal the Board has referred the conduct complaint to the Tribunal.

(5)  If a conduct complaint is withdrawn, the Board is to notify the property agent who is the subject of the conduct complaint of the withdrawal.

(6)  A withdrawal of a conduct complaint does not prevent a conduct complaint being made by any other person in respect of the same conduct by the property agent.

(7)  If a conduct complaint in respect of a property agent has been withdrawn, the person who made the complaint has no right to make a further conduct complaint about the same conduct without the approval of the Board, and the Board is not to give such approval unless it is satisfied that there is sufficient justification for accepting the conduct complaint again.

94 Complaints to be investigated

(1)  The Board is to investigate each conduct complaint accepted by it as efficiently and expeditiously as possible.

(2)  The fact that the Board is carrying out an investigation under this Part in respect of the conduct of the property agent does not prejudice any investigation into the affairs of the property agent being carried out under any other part of this Act or under any other Act.

95 Investigation on Board's initiative

(1)  The Board may on its own initiative investigate the conduct of a property agent.

(2)  If the Board investigates the conduct of a property agent on its own initiative, the resolution of the Board to do so is to be taken as acceptance by the Board of a conduct complaint.

(3)  In such a case, the complainant is taken to be the Board, but nothing in this Part is to be taken as requiring the Board to serve any notice upon itself, but the Board must give notice to the property agent in accordance with section 90 .

96 Appointment of investigator

(1)  The Board may, in writing, appoint a committee or a suitably qualified person to investigate a complaint on the Board's behalf and report back to the Board on the findings of that investigation.

(2)  If the Board appoints a committee or another person to carry out an investigation, it must give the property agent concerned written notice of the action it has taken, and advise the property agent that the property agent may make submissions to the committee or other person.

(3)  As soon as practicable after completing an investigation, the investigator must give a written report of the investigation to the Board.

97 Powers of investigation

(1)  In this section –

specified means specified in a notice under subsection (2) .

(2)  For the purposes of an investigation, the Board may give a written notice to a property agent, whose conduct is the subject of a conduct complaint, that requires the property agent to take the following actions:

(a) provide the Board with written information of a specified type, on or before a specified date, that is verified by statutory declaration;

(b) produce, at a specified time and specified place, a specified document, or a copy of the document;

(c) to otherwise assist or cooperate with the Board in the investigation of the complaint in a specified manner.

(3)  If a document is produced to the Board in accordance with this section, the Board may inspect it, make copies of it or any part of it and retain it for so long as may be necessary to investigate the complaint.

(4)  A property agent has no right to refuse to comply with a notice mentioned in subsection (2) on the grounds that to comply with the notice –

(a) would affect a lien the agent has over a document; or

(b) would involve a breach of confidence.

(5)  A property agent who, when required to take all or any action mentioned in subsection (2) , fails to take all or any of those actions or who provides written information or a document that is false or misleading in a material particular is guilty of professional misconduct.

(6)  The Board may, during the course of an investigation, serve more than one notice on a property agent under subsection (2) .

98 Board may obtain search warrant to enter and search premises

(1)  The Board may apply to a magistrate for the issue of a search warrant to enter premises where it is suspected that there may be found evidence relevant to a conduct complaint made to the Board in respect of a property agent.

(2)  A magistrate to whom an application is made under this section may, if satisfied that there are reasonable grounds for doing so, issue a search warrant.

(3)  A warrant issued under subsection (2) authorises the person named in it, and any person whom that person may reasonably need for assistance, to enter the premises specified in the warrant and exercise any or all of the powers specified in subsection (4) that are not expressly excluded by the magistrate who issued the warrant.

(4)  A person who has entered premises pursuant to a warrant issued under subsection (2) may –

(a) search the premises for information, documents or other material relevant to a conduct complaint; and

(b) take possession of any material relevant to a conduct complaint and retain it for as long as may be necessary to examine it to determine its evidentiary value; and

(c) make copies of material relevant to a conduct complaint or any part of any such material; and

(d) seize and take away any material relevant to a conduct complaint or any part of any such material; and

(e) with respect to any computer or other equipment that the person suspects on reasonable grounds may contain material relevant to a conduct complaint –

(i) inspect and gain access to the computer or equipment; and

(ii) download or otherwise obtain any documents or information; and

(iii) make copies of any documents or information held in it; and

(iv) seize and take away the computer or equipment or any part of it, provided adequate arrangements are made to enable the business of the property agent to continue; and

(f) request any person who is on the premises to do any of the following:

(i) state his or her full name, date of birth and address;

(ii) produce material relevant to a conduct complaint;

(iii) operate equipment or facilities on the premises for a purpose relevant to the investigation of a conduct complaint;

(iv) provide access (free of charge) to photocopying equipment on the premises that the investigator reasonably requires to enable the copying of material relevant to a conduct complaint;

(v) give other assistance that the investigator reasonably requires to carry out the investigation; and

(g) do anything else reasonably necessary to obtain information or evidence for the purposes of the investigation of a conduct complaint.

(5)  A person requested to do anything under subsection (4)(f) must not, without reasonable excuse, fail to comply with the request.

Penalty:  Fine not exceeding 500 penalty units.

99 Interim order for suspension of licence

(1)  If, during the investigation of a conduct complaint in respect of a property agent, the Board is satisfied that it is in the public interest to do so, it may, by written notice sent to the property agent, suspend the property agent's licence for a period specified in the notice.

(2)  If at any time the Board is satisfied that it is in the public interest to do so, it may, by written notice sent to the property agent, extend the suspension for a further period specified in the notice.

(3)  The Board must, by written notice sent to the property agent, revoke the suspension as soon as it is satisfied that doing so would not prejudice the public interest.

100 Powers of Board after investigation

After the Board has investigated a conduct complaint, the Board may do any one of the following:

(a) if there is insufficient evidence to substantiate the complaint, dismiss the complaint and notify the property agent and complainant of the dismissal;

(b) if the evidence appears to indicate that the conduct complained about only amounts to minor misconduct that can adequately be dealt with by the Board, deal with the matter in accordance with section 101 ;

(c) [Section 100 Amended by No. 7 of 2025, s. 182, Applied:01 Jul 2025] apply to the Tribunal to hear and determine the complaint in accordance with the Tasmanian Civil and Administrative Tribunal Act 2020 .

101 Procedure for minor misconduct

(1)  If the Board decides the conduct complained about only amounts to minor misconduct that can adequately be dealt with by the Board, it may, by written notice sent to the property agent, require the agent to provide the Board with a written explanation of the conduct before a date specified in the notice, being a date at least 14 days after the notice is sent.

(2)  If the conduct could possibly relate to the physical or mental capacity of the property agent, the Board may, by written notice sent to the property agent, require the agent to undergo a medical examination before a date specified in the notice, being a date at least 28 days after the notice is sent.

(3)  A notice under subsection (1) or (2) is to –

(a) specify the conduct complained about; and

(b) inform the property agent that, instead of complying with the notice, the agent may request the Board to refer the complaint to the Tribunal for determination.

(4)  If the property agent complies with the requirement of a notice mentioned in subsection (1) or (2) , the Board is to determine if the complaint has been substantiated.

(5)  If the Board decides that there is insufficient evidence to substantiate the complaint, the Board must dismiss the complaint and advise the property agent and complainant of the decision.

(6)  However, if the Board is satisfied that the evidence substantiates the complaint, it may do either or both of the following:

(a) caution or reprimand the property agent;

(b) accept an undertaking from the agent to take or refrain from taking action specified by the Board.

(7)  The Board must refer a complaint to the Tribunal if –

(a) at any time the property agent requests that it be referred to the Tribunal; or

(b) the property agent fails to comply with a notice mentioned in subsection (1) or (2) ; or

(c) at any time the Board decides that the conduct amounts to more than minor misconduct that can be dealt with adequately by the Board.

102 Procedure if offence suspected

(1)  [Section 102 Subsection (1) amended by No. 7 of 2025, s. 183, Applied:01 Jul 2025] If, at any time while considering a conduct complaint in respect of a property agent, the Board believes that the evidence it has indicates that a person has committed a criminal offence, it must provide the evidence to the Commissioner of Police.

(2)  [Section 102 Subsection (2) amended by No. 7 of 2025, s. 183, Applied:01 Jul 2025] The Board must also –

(a) suspend its consideration of the complaint; and

(b) take such other action under this Act as it considers is in the public interest.

Division 5

[Division 5 of Part 7 Repealed by No. 7 of 2025, s. 184, Applied:01 Jul 2025]

103.

[Section 103 Repealed by No. 7 of 2025, s. 184, Applied:01 Jul 2025]

104.

[Section 104 Repealed by No. 7 of 2025, s. 184, Applied:01 Jul 2025]

105.

[Section 105 Repealed by No. 7 of 2025, s. 184, Applied:01 Jul 2025]

106.

[Section 106 Repealed by No. 7 of 2025, s. 184, Applied:01 Jul 2025]

107.

[Section 107 Repealed by No. 7 of 2025, s. 184, Applied:01 Jul 2025]

108.

[Section 108 Repealed by No. 7 of 2025, s. 184, Applied:01 Jul 2025]

109.

[Section 109 Repealed by No. 7 of 2025, s. 184, Applied:01 Jul 2025]

Division 6 Action following hearing

110 Determination by Tribunal

(1)  If, after hearing a conduct complaint in respect of a property agent, the Tribunal finds the property agent to have been guilty of the conduct that was the subject of the complaint, it may take one or more of the following actions:

(a) suspend the licence of the property agent;

(b) cancel the licence of the property agent and prohibit the Board from licensing him or her without the approval of the Tribunal;

(c) [Section 110 Subsection (1) amended by No. 29 of 2022, s. 81, Applied:01 Jul 2023] prohibit the property agent from conducting all or any part of real estate agency business, property management business or general auctioneering business, as the case may be, permanently or for a period specified by the Tribunal;

(d) [Section 110 Subsection (1) amended by No. 7 of 2025, s. 185, Applied:01 Jul 2025] impose on the property agent a fine not exceeding an amount equivalent to 750 penalty units;

(e) prohibit the property agent from conducting all or any part of real estate agency business, property management business or general auctioneering business, as the case may be, except in accordance with conditions, restrictions or limitations specified by the Tribunal;

(f) require the property agent to take or refrain from taking actions specified by the Tribunal;

(g) caution or reprimand the property agent.

(2)  If the Tribunal imposes a fine, it must specify a period within which the fine is to be paid.

(2A)  [Section 110 Subsection (2A) inserted by No. 7 of 2025, s. 185, Applied:01 Jul 2025] A fine imposed by the Tribunal under this section is to be paid to the Board.

(3)  The Tribunal may, in addition to any other action it takes, require a property agent carrying on real estate agency business, property management business or general auctioneering business, as the case may be, to do either or both of the following:

(a) submit the business to periodic supervision or inspection by a person appointed by the Tribunal;

(b) undertake a course of training of a type specified by the Tribunal.

(4)  The Tribunal may accept an undertaking from a property agent to take or refrain from taking action specified by the Tribunal, either generally or during a period specified by the Tribunal, as an alternative to the Tribunal taking action against the property agent under subsection (1) .

(5)  Nothing in this section is to be taken as depriving any person who has suffered damage, as a result of the action of a property agent, of any right the person may have to take any action against the property agent in respect of that damage.

111 Costs and expenses of hearings

(1)  [Section 111 Subsection (1) substituted by No. 7 of 2025, s. 186, Applied:01 Jul 2025] The Tribunal may order a party to proceedings to pay all or part of the costs of another party to those proceedings if the Tribunal considers it appropriate to do so.

(2)  [Section 111 Subsection (2) substituted by No. 7 of 2025, s. 186, Applied:01 Jul 2025] Section 120(1), (2), (3) and (4) of the Tasmanian Civil and Administrative Tribunal Act 2020 do not apply in relation to proceedings under this Act.

(3)  An order for costs may be enforced as if the costs were a debt due to the person to whom they were awarded.

112 Notice of action

(1)  This section applies when the Tribunal has concluded a hearing.

(2)  [Section 112 Subsection (2) amended by No. 29 of 2022, s. 82, Applied:01 Jul 2023] [Section 112 Subsection (2) amended by No. 29 of 2022, s. 82, Applied:01 Jul 2023] The Tribunal must, within 5 days after making a determination under section 110 , give written notice of its decision and its reasons for making that decision to the Board, the business or other address of the property agent and the complainant.

(3)  The notice must specify –

(a) any action it has taken under section 110 ; and

(b) any right, in respect of a review of a decision under section 117 , that the property agent may have; and

(c) details of any order for costs that the Tribunal has made.

(4)  Action taken by the Tribunal under section 110 does not take effect until the end of the period within which the property agent may apply for a review against the decision.

(5)  Upon a decision of the Tribunal taking effect, the Board may publish the decision in such manner as it considers will best bring it to the attention of those affected or likely to be affected by the decision.

113.

[Section 113 Repealed by No. 7 of 2025, s. 187, Applied:01 Jul 2025]

Division 7 Suspension of licence

114 Power of Board to suspend licence

(1)  The Board may, by written notice sent to a property agent, suspend the licence of that property agent if –

(a) it is satisfied that the property agent has failed –

(i) to pay a fine imposed on the property agent by the Tribunal within the specified time; or

(ii) to comply with a requirement made of the property agent by the Board or the Tribunal under section 108 or 110 ; or

(iii) to honour an undertaking given to the Board or Tribunal; or

(b) it is satisfied that it is necessary to do so to inquire into a conduct complaint made against the property agent or to inquire into a matter that could be the subject of such a complaint; or

(c) the property agent has been found guilty of an offence that the Board considers makes it inappropriate that the property agent should continue to act as a property agent; or

(d) the right of the property agent to act as a property agent under the law of another jurisdiction has been suspended or cancelled for a reason relating to the property agent's professional conduct or physical or mental capacity.

(2)  The suspension may be a total or a partial suspension.

(3)  The Board is not required to give a property agent an opportunity to be heard before suspending the agent's licence, but may do so.

(4)  A notice under subsection (1) must set out –

(a) whether the suspension is total or partial and, if it is partial, the activities of the property agent to which the suspension applies; and

(b) the reasons for the suspension; and

(c) the period of the suspension; and

(d) the property agent's right of appeal; and

(e) if that period is not to start immediately, when it is to start.

(5)  If the Board considers it to be in the public interest to do so, it may publish details of a suspension under this section in such manner as it considers will best bring the suspension to the attention of those persons affected by it or likely to be affected by it.

115 Revocation of suspension

(1)  If the Board or Tribunal has suspended the licence of a property agent, it may revoke the suspension totally or partially if it is satisfied that it is not against the public interest to do so.

(2)  If the Board considers it to be in the public interest to do so, it may publish details of any revocation of a suspension under this section in such manner as it considers will best bring the revocation to the attention of those persons affected by it or likely to be affected by it.

Division 8 Appeals

116 Right to appeal decisions of Board

(1)  An aggrieved person may appeal to the Tribunal against a decision of the Board under this Act.

(2)  In particular, a person may appeal against a decision of the Board –

(a) to refuse to grant or renew a licence; or

(b) to suspend the person's property agent licence.

(3)  An appeal under this section is to be made in writing –

(a) within 14 days after notice of the Board's decision is given to the person; or

(b) within such further period as the Tribunal considers is appropriate in the interest of justice.

(4)  An appeal under this section stays the operation of the decision that is the subject of the appeal.

(5)  [Section 116 Subsection (5) omitted by No. 7 of 2025, s. 188, Applied:01 Jul 2025] .  .  .  .  .  .  .  .

117.

[Section 117 Repealed by No. 7 of 2025, s. 189, Applied:01 Jul 2025]

Part 8 Control of Property Agents Carrying on Businesses

118 Protection of trust money

(1)  This section applies where the Board considers it necessary to protect trust money in a trust account with an authorised deposit-taking institution held by –

(a) a real estate agent named in Part 1(1) of the Register; or

(b) a property manager named in Part 2(1) of the Register; or

(c) a general auctioneer named in Part 3(1) of the Register.

(2)  The Board may, by notice served on the authorised deposit-taking institution, instruct the authorised deposit-taking institution not to permit any withdrawal to be made from the account without the Board's written consent until the Board instructs it otherwise.

(3)  A notice under subsection (2) is to give details of the trust account and be signed by the Chair of the Board or by an officer of the Board authorised to do so.

(4)  An authorised deposit-taking institution must comply with an instruction contained in a notice served on it under subsection (2) .

Penalty:  Fine not exceeding 50 penalty units.

119 Appointment of receiver or manager

(1)  This section applies where the Board is of the opinion that a defalcation has been or may have been committed in relation to a trust account of –

(a) a real estate agent named in Part 1(1) of the Register; or

(b) a property manager named in Part 2(1) of the Register; or

(c) a general auctioneer named in Part 3(1) of the Register.

(2)  This section also applies where the Board is of the opinion that a person is unable to obtain trust money held by a property agent mentioned in subsection (1) due to –

(a) the mental or physical infirmity or death or disappearance of the property agent; or

(b) the suspension or cancellation of the right of the property agent to carry on real estate agency business, property management business or general auctioneering business, as the case may be; or

(c) the suspension or termination of the real estate agency business, property management business or general auctioneering business of the property agent for any other reason.

(3)  If this section applies, the Board may apply to a magistrate for the appointment of a person to be –

(a) a receiver of the trust money of the property agent; or

(b) the manager of the business of the property agent.

(4)  Unless a magistrate otherwise determines, a copy of an application under subsection (3) is to be served on the property agent at least 24 hours before the hearing of the application.

(5)  A magistrate, on considering an application under subsection (3) , may appoint a receiver of the trust money of the property agent.

(6)  The magistrate may also appoint a person qualified to do so –

(a) to manage the business of the property agent for a period to be specified by the magistrate; or

(b) to carry on that business with a view to winding it up in the interests of the clients of the property agent.

(7)  A magistrate may appoint the same person to be both a receiver under subsection (5) and a manager under subsection (6) .

(8)  The Board is to serve a copy of an order of the magistrate appointing a receiver or manager on the property agent and on any other person specified by the magistrate.

(9)  The copy is to be served as soon as practicable.

(10)  A magistrate may for sufficient reason dispense with service under subsection (8) generally or in respect of any particular person.

120 Duty of receiver

(1)  A receiver appointed in respect of the trust money of a property agent is to –

(a) take control of any trust money in the possession or under the control of the property agent; and

(b) gather in any other trust money.

(2)  The receiver is then to distribute the money to those entitled to it, as and when they become entitled to it, and in the meantime act as trustee of it in the same capacity as that in which the property agent was acting, and subject to the same obligations.

121 Receiver may require delivery of trust money and supply of information

(1)  A receiver of the trust money of a property agent may require the property agent or any other person who may have possession or control of the trust money –

(a) to deliver up to the receiver the trust money and any accounts and records in respect of the money that is in his or her possession or under his or her control; and

(b) to give to the receiver any other information in respect of the trust money that is in his or her possession or under his or her control.

(2)  A receiver who makes a requirement under subsection (1) must produce a copy of the order of the magistrate appointing the receiver.

(3)  A person must comply with a requirement of a receiver made under subsection (1) .

Penalty:  Fine not exceeding 500 penalty units.