Property Agents and Land Transactions Act 2016

In this section – person includes – an Agency within the meaning of the State Service Act 2000; and a statutory authority; and any other body of persons, whether incorporated or not and whether an emanation of the Crown or otherwise.

The Governor may make regulations for the purposes of this Act.

Without limiting the generality of subsection (2), the regulations may – prescribe fees payable in respect of property agent licences; and provide for the conduct of examinations by the Board for the purposes of this Act, and the payment to the Board of fees by candidates at any such examinations; and prescribe the fees to be paid to the Board on the production to the Board of audited accounts and records of trust money.

A fee that may be prescribed for the production to the Board of audited accounts and records of trust money is not limited to an extent that is related to the cost to the Board of checking those accounts or records, but may include a fee for the late delivery of the accounts or records.

The regulations may prescribe a fee by – specifying an amount; or specifying a rate or proportion by which the fee is to be calculated.

The regulations may – provide that a contravention of a regulation is an offence; and provide for the imposition in respect of that offence of a fine not exceeding 500 penalty units.

The regulations may be made so as to – confer a discretionary authority on the Board or the Trust; and exempt a person or class of persons from the application of this Act or the regulations, or a provision of this Act or the regulations, either conditionally or unconditionally and either wholly or to such an extent as is specified; and apply differently according to matters, limitations or restrictions, whether as to time, circumstance or otherwise, specified in the regulations.

The Governor may make regulations of a savings or transitional nature consequent on the enactment of this Act.

Regulations under subsection (8) may take effect from the commencement of this section or on a later day.