New South Wales Consolidated Regulations

CONVEYANCERS LICENSING REGULATION 2021

- Made under the Conveyancers Licensing Act 2003
- As at 29 May 2023
- Reg 550 of 2021

TABLE OF PROVISIONS

   PART 1 - PRELIMINARY

   1.      Name of Regulation
   2.      Commencement
   3.      Definitions
   4.      Operating Account--the Act, s 90

   PART 2 - LICENSING

   5.      Fees for licence--the Act, s 12(1)
   6.      Professional indemnity insurance--the Act, s 15

   PART 3 - CONDUCT OF CONVEYANCING BUSINESS

   7.      Exemptions from provisions authorising person in charge of business--the Act, s 20
   8.      Rules of conduct--the Act, s 22
   9.      Conduct of other businesses--the Act, s 28
   10.     Obligation to disclose certain matters to client--the Act, s 36
   11.     Itemised account--the Act, s 67

   PART 4 - RESOLUTION OF COSTS DISPUTES

   12.     Notifying Tribunal of costs dispute--the Act, s 43(1)
   13.     Costs of assessment--the Act, s 45
   14.     Transfer of proceedings to or from other courts or tribunals--the Act, s 50(2)

   PART 5 - TRUST MONEY

           Division 1 - General

   15.     Definitions
   16.     Keeping of records generally
   17.     Specific records to be kept by licensees
   18.     Electronic records
   19.     Statements of account--the Act, s 172
   20.     Receipt and withdrawal of money for costs and disbursements--the Act, s 53(3)(a)

           Division 2 - Trust accounts

   21.     Banking of trust money--the Act, s 172
   22.     Receipts for trust money
   23.     Payment of trust money--the Act, s 172
   24.     Trust deposits
   25.     Cash book record of trust account transactions
   26.     Journal
   27.     Trust account ledger
   28.     Trust account ledger trial balance
   29.     Signing of cheques or effecting electronic funds transfers--trust account--the Act, s 172
   30.     Account in the name of a licensee--the Act, s 172

   PART 6 - RECORDS

   31.     Records that licensees must keep
   32.     Period for which records must be kept
   33.     Records and book entries to be in English language

   PART 7 - GENERAL

   34.     The Register--the Act, s 162
   35.     Complaints and discipline--the Act, s 133(3)
   36.     Corporate licensees--the Act, s 172
   37.     Secretary's power to waive, reduce, postpone or refund fees
   38.     Partial refund of application fees for certain licences
   39.     Repeal and savings
           SCHEDULE 1
           SCHEDULE 2
           SCHEDULE 3