23Where trust account records are to be kept

23 Where trust account records are to be kept

(1)  A property agent must keep all the trust account records for the property agent's business at –

(a) the property agent's authorised place of business; or

(b) such other place as the Board may approve.

Penalty:  Fine not exceeding 50 penalty units.

(2)  Despite subregulation (1) , if a property agent carries on business at more than one location, the trust account records for each place of business may be kept at the respective locations if the Board approves.

(3)  The approval of the Board under subregulation (1) or (2) is to be provided to the property agent in writing.