(1) This regulation applies to a property agent who is (a) a real estate agent named in Part 1(1) of the Register; or(b) a property manager named in Part 2(1) of the Register; or(c) a general auctioneer.(2) A property agent who receives trust money must keep the following records and accounts relating to the trust money in a secure place:(a) at least one duplicate of each trust account receipt;(b) at least one duplicate of each trust account deposit record;(c) records relating to trust account payments made under Division 5 ;(d) a trust account cash book;(e) a trust account ledger;(f) a trust account general journal;(g) the statements issued by an approved institution in respect of trust accounts;(h) reconciliation records;(i) if trust money has been invested, a schedule of invested trust money;(j) any other records or accounts that the Board thinks fit;(k) records or accounts that are specified by the Board as necessary to support the records kept under the above paragraphs.Penalty: Fine not exceeding 50 penalty units.