Land Agents Regulations 2025

An agent who is required to have accounts and records audited under

under their hand; or

in the case of a firm of agents—under the hands of not less than 2 partners of the firm; or

in the case of a body corporate agent—under the hands of not less than 2 directors of the body or, if the body corporate has only

the names of all persons on whose behalf the agent is holding trust money and the amount of the credit of each such person; and

all negotiable or bearer securities or deposit receipts in the name of the agent which represent money drawn from the agent's trust account and which were held by the agent on that day; and

—

the names of the trust accounts in which the balance of the agent's trust money is lodged and the balances on that date of those accounts;

if the trust account balances are not in agreement with the balances of the agent's ledger accounts—a statement reconciling those balances. Maximum penalty: Maximum penalty: $2 500.

The agent must give the auditor making the next succeeding audit of the agent's accounts and records—

at the request of the auditor, a copy of the notice, together with a signed copy of the auditor's statement of the last preceding audit of the agent's accounts and records; or

if the agent's accounts and records are being audited for the first time or, if for any other reason a copy of the notice cannot be produced for the purpose of the audit—before completion of the audit, a notice containing the same particulars as to money, negotiable or bearer securities and deposit receipts held on the first day of the period to which the audit relates. Maximum penalty: Maximum penalty: $2 500.