Indemnity fund
29 Indemnity fund
For the purposes of section 29(2) of the Act, money constituting, or forming part of, the indemnity fund may be invested as authorised by the Minister.
For the purposes of section 29(4) of the Act, money standing to the credit of the indemnity fund may be applied in payment of amounts approved by the Minister towards the cost of—
the educational program known as the Professional Development
Program conducted by the Real Estate Institute of South Australia Incorporated for the benefit of agents, sales representatives and property managers;
or
the advisory service relating to the real estate industry conducted by the Real Estate Institute of South Australia Incorporated for the benefit of members of the public, including the preparation and publication of brochures and other materials as part of that service; or
the education program known as SA HomeBuyers Free Information
Seminars conducted by SA HomeBuyers Incorporated for the benefit of members of the public.
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