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Schedule 3

Prescribed offences and modified penalties

In force

Schedule 3 Prescribed offences and modified penalties

[r. 14]

[Heading inserted: Gazette 28 Aug 2009 p. 3351.]

Offences under Real Estate and Business Agents Act 1978

Modified penalty

s. 36(1)

Failing to have registered office in the State

$200

s. 37(1)

Failing to register a branch office

$200

s. 37(2)

Failing to have qualified manager at branch office

$200

s. 40B

Licensee failing to comply with educational requirements

$1 000

s. 40(1)(a)

Carrying on business under a name not endorsed on triennial certificate

$200

s. 40(1)(b)

Failing to include surname and initials of licensee on all business correspondence

$200

s. 40(3)

Failing to notify Commissioner of alteration of business name

$200

s. 50C

Sales representative failing to comply with educational requirements

$1 000

s. 84(1)

Failing to cause audit of trust account under section 70(1)

$2 000

s. 84(1) 

Failing to deliver audit report to the Commissioner under section 70(3)

$2 000

s. 84(1) 

Failing to deliver a termination audit report under section 70(8)

$600

s. 142

Failing to notify Commissioner of commencing or ceasing business under section 35

$400

s. 142

Branch manager acting for more than one licensee or as an agent on own account under section 37(3)

$400

s. 142

Failing to display official details at registered office under section 41(1)(a)

$400

s. 142

Failing to display official details at branch office under section 41(1)(b)

$400

s. 142

Failing to display official details on all correspondence and documents from registered office under section 41(2)(a)

$400

s. 142

Failing to display official details on all correspondence and documents from branch office under section 41(2)(b)

$400

s. 142

Failing to notify Commissioner of commencing or ceasing employment, or acting, as a sales representative under section 51(1)

$400

Offence under Real Estate and Business Agents (General) Regulations 1979

Modified penalty

r. 4AJ(1)

Failing to keep evidence

$200

r. 4AJ(4)

Failing to produce evidence

$200

r. 8

Failing to notify Commissioner of change in particulars

$200

[Schedule 3 inserted: Gazette 28 Aug 2009 p. 3351‑2; amended: Gazette 30 Jun 2011 p. 2670; 23 Oct 2012 p. 5055; SL 2020/257 r. 12; SL 2025/194 r. 25.]

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