Title: Land Agents Variation Regulations 2015
Subject: Land AgentsAct 1994
Author: Office of Parliamentary Counsel
Last saved by: Mrs Anne Lemmey
Category: public
Document comments: 223

No 223 of 2015 published in Gazette 29.10.2015 p 4755

Land Agents Variation Regulations 2015

Land Agents Variation Regulations 2015
Part 1—Preliminary

Land Agents Variation Regulations 2015
Preliminary—Part 1

Land Agents Variation Regulations 2015
Part 2—Variation of Land Agents Regulations 2010

Land Agents Variation Regulations 2015
Variation of Land Agents Regulations 2010—Part 2

South Australia
Land Agents Variation Regulations 2015
under the Land Agents Act 1994

Contents
Part 1—Preliminary
1	Short title
2	Commencement
3	Variation provisions
Part 2—Variation of Land Agents Regulations 2010
4	Variation of regulation 3—Interpretation
5	Variation of regulation 7—Notification of change in circumstances
6	Variation of regulation 13—Electronic records relating to trust accounts
7	Variation of regulation 22—Audit of trust accounts
8	Variation of regulation 23—Agent's statement

Part 1—Preliminary
1—Short title
These regulations may be cited as the Land Agents Variation Regulations 2015.
2—Commencement
These regulations will come into operation on the day on which section 20 of the Statutes Amendment (Occupational Licensing) Act 2013 comes into operation.
3—Variation provisions
In these regulations, a provision under a heading referring to the variation of specified regulations varies the regulations so specified.

Part 2—Variation of Land Agents Regulations 2010
4—Variation of regulation 3—Interpretation
Regulation 3—after the definition of Act insert:
BSB number (Bank State Branch number) means the number assigned to identify a particular branch of a particular ADI.
5—Variation of regulation 7—Notification of change in circumstances
Regulation 7(4)—delete subregulation (4)
6—Variation of regulation 13—Electronic records relating to trust accounts
Regulation 13(b)—delete "week" and substitute:
month
7—Variation of regulation 22—Audit of trust accounts
	(1)	Regulation 22(4)—delete subregulation (4) and substitute:
	(4)	The statement prepared by the auditor for lodging with the Commissioner must include the name, number and relevant BSB number of each trust account included in the audit.
	(2)	Regulation 22(5)—delete "verify the statement by statutory declaration and"
	(3)	Regulation 22—after subregulation (6) insert:
	(6a)	Subregulations (3) and (6)(c) do not apply in relation to losses and deficiencies in a trust account that have been promptly rectified and were due to inadvertence (provided that the total of the losses and deficiencies have not exceeded $100 in any 3 month period).
8—Variation of regulation 23—Agent's statement
Regulation 23(2)—delete subregulation (2)
Note—
As required by section 10AA(2) of the Subordinate Legislation Act 1978, the Minister has certified that, in the Minister's opinion, it is necessary or appropriate that these regulations come into operation as set out in these regulations.
Made by the Governor
with the advice and consent of the Executive Council
on 29 October 2015
No 223 of 2015
14MBSC12CS