Duty of licensee and person in charge to properly supervise conveyancing business
21 Duty of licensee and person in charge to properly supervise conveyancing business
A licensee must properly supervise the conveyancing business carried on by the licensee.
The requirement to properly supervise the conduct of a conveyancing business includes the following requirements—
a requirement to properly supervise employees engaged in the business,
a requirement to establish procedures designed to ensure that the provisions of this Act and any other laws relevant to the conduct of that business are complied with,
a requirement to monitor the conduct of business in a manner that will ensure as far as practicable that those procedures are complied with.
The Secretary may from time to time issue and notify to licensees guidelines as to what constitutes the proper supervision of the business of a licensee. A failure to comply with the requirements of any such guidelines in connection with the supervision of a business constitutes a failure to properly supervise the business.
Maximum penalty—200 penalty units in the case of a corporation or 100 penalty units in any other case.
This Act’s bill:Explanatory memorandumSecond reading speech
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