Source: http://www.legislation.nsw.gov.au/tocview/inforce/act%2B28%2B1941%2Bcd%2B0%2BY?nohits=y&xref=Type%3Dact%20AND%20Year%3D1941%20AND%20no%3D28
Timestamp: 2013-05-24 22:08:53
Document Index: 186920197

Matched Legal Cases: ['art 2', 'art 3', 'art 4', 'art 4', 'art 5', 'art 6', 'art 6', 'art 7']

Contents (1941 - 28)
Property, Stock and Business Agents Act 1941 No 28Status informationLong title
1 Name of Act 2 (Repealed) 3 Definitions 4 Act not to apply to certain persons or bodies 5 Repeal of certain Acts Part 2 6–19A(Repealed)Part 3 Real estate agents, stock and station agents, business
agents, strata managing agents, community managing agents and on-site
20 Agents to be licensed 21 Each separate place of business to be in charge of
licensee 22 Licences 22A Phasing in of 3-year licences 23 Procedure 23A Restoration of licence by Director-General 23B Objection to application for restoration of
licence 23C Effect of decision on application for restoration of
licence 24, 25 (Repealed) 26 Interstate licences 27, 28 (Repealed) 29 Cancellation of licence 29A Disqualification of former licensees etc 30 Register to be kept by Director-General 30A Commencement of certain determinations and
orders 31 Appeal Division 2 Licensees generally
32 Effect of disqualification on membership etc of
corporation 33 Failure to deliver up licence 34 Registered office and address 35 Publication of name of licensee 36 Money to be paid to trust account 36AA Determination of trust account rate 36AB Prescribed percentage of trust account rate 36AC Interest earned on trust accounts to be paid to
Statutory Interest Account 36AD Bank, building society or credit union to provide
Director-General with certain information 36AE Sections 36AC and 36AD not to apply to certain
accounts 36AF Offences by banks, building societies and credit
unions 36A Unclaimed trust moneys held by a licensee 36B Unclaimed trust moneys held by a former
licensee 36C Disposal of unclaimed money in trust accounts 36D–36F (Repealed) 37 Banks, building societies and credit unions to be relieved
from liability in certain cases 38 Record to be kept 38A Furnishing of particulars of trust account or
transactions 38B Inspection of records 38C Power to obtain books or records 38D Audit of licensees’ books and other
records 38E Qualifications and duties of auditors 39 Certain persons not to be employed by licensees 39AA Procedure for approvals under sec 39 39A Licensee not to share commission etc with certain
persons 39B Subagency agreements etc to be in writing 40 Production of licence 41 Licensee not to lend licence 42 Provisions as to commission etc 42AA Agency agreements to be in writing 42A Review of commissions, fees etc 43 Publication of name and place of business in
advertisements 43A Business names Division 3 Auctioneers
44 (Repealed) 45 Collusive practices at auction sales 46 Entry by auctioneer or employee in record or book kept by
auctioneer as purchaser of land or livestock sold by auction of any name other
than the name of the actual successful bidder 47 Notice of material parts of secs 45 and 85C to be given at
auction sale 48 Misrepresentation as to quality etc 49 Bidding by seller or auctioneer or persons on their
behalf 50 Livestock auctions: “comeback”
prohibited Division 4 Business agents
50A (Repealed) 50B Records to be kept by business agent 50C (Repealed) 50D Agents for sale of businesses to be authorised in
writing 50E–50H (Repealed) Division 5 Stock and station agents
50I (Repealed) Division 6 50J(Repealed)Division 7 Strata managing agents and community managing
50K Definitions 50L Production of certain instruments Part 4 Real estate salespersons, stock and station
salespersons, business salespersons and trainee managing agents
51 Definitions Division 2 51A–55(Repealed)Division 3 Real estate salespersons, stock and station
56 Persons required to be registered 56A (Repealed) 57 Procedure 58 Register to be kept by Director-General 58A Registration of supervising licensees 59 Registered employer and registered address 60 Cancellation of certificate of registration 60AA Disqualification of former certificate of registration
holders 60A Commencement of certain determinations and
orders 61 Appeal 62 Production of certificate of registration 63 Holder not to lend certificate of registration 63A Failure to deliver up certificate Part 4A Property Services Statutory Interest
63B Statutory Interest Account 63C Money payable to Statutory Interest Account 63D Application of money in Statutory Interest
Account 63E Application of money for purposes of certain
Acts 63F Application of money for the purposes of the Fair Trading Act 1987 63G (Repealed) 63H Application of money for the purposes of Strata Schemes Management Act
1996 Part 5 64(Repealed)Part 6 Compensation Fund
Division 1 Establishment and management
64A Compensation Fund 64B Money payable to Compensation Fund 64C Application of money in Compensation Fund Division 2 Contributions and levies
64D Contributions 64E Levies Division 3 Claims
64F Definitions 64G Meaning of “failure to account” 64H Application of Compensation Fund 64I Claims against Compensation Fund 64J Legal proceedings 64K Maximum recoverable 64L Aggregate recoverable 64M Advertisements 64N Action after advertisement 64O Subrogation 64P Production of documents 64Q Satisfaction of claims and judgments Division 4 Examination of accounts of licensees and former
64R Definitions 64S Appointment of qualified person to examine
licensee’s accounts 64T Confidentiality 64U Former licensees 65–83 (Repealed) Part 6A Receivers
83A Definitions 83B Power of Court to appoint receiver in certain
cases 83C Application for appointment of receiver 83D Copy of order appointing receiver to be served on
licensee 83E Receiver may require delivery of property 83F Receiver may forbid withdrawal of moneys from financial
institution 83G Receiver may take possession of property 83H Improperly withdrawing money or destroying or concealing
property 83I Power of receiver to deal with property 83J Application for directions 83K Property claimed by licensee 83L Liens for costs on property held by receiver 83M Power of Court to order person to appear for examination
by receiver 83N Application for termination of appointment of
receiver 83O Property not dealt with by receiver 83P Receiver may invest moneys in hands 83Q Remuneration of receiver and expenses of
receivership 83R Cost of proceedings 83S Claim or charge against receiver may be paid from
Compensation Fund 83T Re-opening of agreement as to receiver’s
remuneration 83U Court may review receiver’s expenses 83V Power of Court to give general directions 83W Receiver not deemed to be personal
representative 83X Property held by receiver to be free from execution or
attachment 83Y Returns by receiver Part 7 General
84 Offences in connection with the sale of allotments of
land 84AA Proposed contract for sale of residential
property 84AB Contracts for sale of residential property 84AC Procedure following rescission 84A Penalty for publishing false or misleading
advertisements 84B Misrepresentation by licensee, salesperson or trainee
managing agent 85 Construction of certain agreements 85A Live stock auctions: warranty as to certain diseases and
conditions 85B Contracting out of prescribed terms and conditions of
auction sales 85C Auction sales: successful bidder to supply information to
auctioneer etc 86 Furnishing incorrect particulars in
applications 86A Officers of Department not to disclose
information 86B Service of writs etc 86C Penalty notices 87 Offences against Act 87A Time for commencing proceedings 88 Wrongful conversion and false accounts 89 Certificate evidence of licence or registration 90 Civil remedy not affected by proceedings for an
offence 91 Corporations 92 Regulations 93 Savings and transitional provisions Schedule 1