Part 1 Preliminary
1 Name of Regulation
This Regulation is the Conveyancers Licensing Regulation 2015.
2 Commencement
This Regulation commences on 1 September 2015 and is required to be published on the NSW legislation website.Note—This Regulation replaces the Conveyancers Licensing Regulation 2006, which is repealed on 1 September 2015 by section 10 (2) of the Subordinate Legislation Act 1989.
3 Definitions
(1) In this Regulation—fee unit—see Part 2 of Schedule 2.the Act means the Conveyancers Licensing Act 2003.Note—The Act and the Interpretation Act 1987 contain definitions and other provisions that affect the interpretation and application of this Regulation.(2) (Repealed)(3) Notes included in this Regulation do not form part of this Regulation.cl 3: Am 2016 No 27, Sch 1.7 [1]; 2017 (205), Sch 1 [1]; 2018 No 65, Sch 8.3[1].
4 Meaning of “Operating Account”
The departmental account known as the Compensation Fund is prescribed for the purposes of the definition of Operating Account in section 90 of the Act.
Part 2 Licensing
5 Fees for licence
(1) The application fees payable for the purposes of the Act are listed in Column 1 of Part 1 of Schedule 2.(2) (Repealed)(3) An amount specified in relation to an application fee in Column 3 of Part 1 of Schedule 2 under the heading Processing component is taken to be a fee to cover the costs incurred by the Secretary in processing the application.Note—This amount is consequently a processing fee for the purposes of Part 2 of the Licensing and Registration (Uniform Procedures) Act 2002. If an application is made by electronic communication, the processing fee is discounted (see section 13 of that Act). If an application is refused or withdrawn, the applicant is entitled to a refund of all fees paid, other than the processing fee (see section 22 of that Act).(4) The total application fee is set out in Column 4 of Part 1 of Schedule 2.(5) In addition to the total application fee, an applicant for a licence is liable to pay the contribution to, and any levy for, the Compensation Fund required under section 168 or 169 of the Property and Stock Agents Act 2002.Note—See section 89 of the Conveyancers Licensing Act 2003.(6) An applicant for a licence under the Act is liable to pay the same contribution to the Compensation Fund as an applicant for a class 1 licence under the Property and Stock Agents Act 2002.cl 5: Am 2016 (230), Sch 1 [1] [2]; 2016 No 27, Sch 1.7 [2]; 2017 (205), Sch 1 [2]; 2020 (306), Sch 1[1]–[3].
6 Professional indemnity insurance: section 15
(1) A licensee must, when carrying out conveyancing work, be insured under a policy of professional indemnity as provided in subclause (2).(2) A licensee is insured as required by this clause if—(a) the licensee is insured under a policy of professional indemnity insurance in force with respect to the licensee or his or her employer, being a policy, or a policy of a kind, that is approved by the Secretary for the time being by order published on the NSW legislation website, or(b) the licensee carries out conveyancing work only in the licensee’s capacity as an employee of a complying law practice.(3) In this clause, complying law practice means a law practice within the meaning of the Legal Profession Uniform Law (NSW) that complies with the relevant requirements of Part 4.4 (Professional indemnity insurance) of that Law.
Part 3 Conduct of conveyancing business
7 Section 20 exemptions—person in charge at place of business
(1) The following matters are to be taken into account by the Secretary in considering whether to grant an exemption from any provision of section 20 of the Act that will authorise a licensee to be the person in charge of business (the licensee-in-charge) at more than one place of business of a licensee or to exercise functions or provide services on behalf of two or more licensees at a place of business—(a) reasons why the exemption is needed,(b) the licensee’s previous experience as licensee-in-charge at a place of business of a licensee,(c) the licensee’s capacity to comply with any guidelines issued by the Secretary under section 21 (3) of the Act,(d) the licensee’s record in relation to compliance with—(i) the conditions of a licence held at any time by the licensee under the Conveyancers Licensing Act 1992, the Conveyancers Licensing Act 1995 or the Conveyancers Licensing Act 2003, and(ii) the provisions of the Act under which the licence was held and the provisions of the regulations under the Act concerned, and(iii) the relevant provisions of the Legal Profession Act 1987 or the Legal Profession Act 2004 (or both), and the relevant provisions of the regulations under the Act concerned,(iv) the relevant provisions of the Legal Profession Uniform Law (NSW) or the Legal Profession Uniform Law Application Act 2014 (or both), and the relevant provisions of the rules and regulations under them,(e) employer references in relation to the licensee’s experience as a licensee-in-charge.(2) The following additional matters are to be taken into account by the Secretary in considering whether to grant an exemption from section 20 (1), (2) or (3) of the Act that will authorise a licensee to be the person in charge of business (the licensee-in-charge) at more than one place of business of a licensee—(a) the licensee’s capacity to properly supervise the conduct of business at more than one place of business,(b) office systems proposed to be established at each place of business concerned to provide for accountability to the licensee-in-charge at each of those places of business,(c) proposed staffing and office management arrangements at each place of business concerned,(d) whether there is a centralised trust account for the deposit of trust money received in connection with the businesses for which the licensee will be the licensee-in-charge pursuant to the exemption.(3) The following additional matters are to be taken into account by the Secretary in considering whether to grant an exemption from section 20 (4) of the Act that will authorise a licensee employed as the person in charge of business (the licensee-in-charge) at a place of business to exercise functions or provide services on behalf of two or more licensees at that place—(a) the licensee’s capacity to properly supervise the conduct of business of more than one licensee,(b) fiduciary safeguards and office systems proposed to be established to provide for accountability to the licensee-in-charge,(c) whether separate trust accounts are in place for the deposit of trust money received in connection with the business of each licensee for whom the licensee proposes to act pursuant to the exemption.
8 Rules of conduct
The rules set out in Schedule 3 are prescribed for the purposes of section 22 of the Act as rules of conduct to be observed in the course of the conduct of a conveyancing business or the exercise of functions under a licence.
9 Conduct of other businesses
For the purposes of section 28 of the Act, a licensee who conducts a conveyancing business, or who is employed in the conduct of a conveyancing business, is prohibited from conducting, or being employed in the conduct of, the business of an agent (within the meaning of the Property and Stock Agents Act 2002).cl 9: Am 2020 (306), Sch 1[4].
10 Obligation to disclose certain matters to client
For the purposes of section 36 of the Act, a licensee who is to carry out both conveyancing work and work that is not conveyancing work for a client must disclose to the client, in accordance with Division 5 of Part 3 of the Act—(a) the fact that some of the work to be carried out is not conveyancing work, and(b) the nature of the work that is not conveyancing work.
11 Itemised account
(1) A request for an itemised account under section 67 of the Act may be served on the licensee concerned by—(a) delivering it personally to the licensee, or(b) leaving it for the licensee at a place of business of the licensee, or(c) sending it by post to the licensee at the address of a place of business of the licensee, or(d) (Repealed)(e) sending it by email to the licensee at an email address provided by the licensee for the service of documents of that kind.(2) An itemised account requested under section 67 of the Act may be provided to the person who made the request by—(a) delivering it personally to the person, or(b) leaving it for the person at an address specified as the person’s address in the request, or(c) sending it by post to the person at an address specified as the person’s address in the request, or(d) (Repealed)(e) sending it by email to the person at an email address provided by the person for the service of documents of that kind.cl 11: Am 2018 No 65, Sch 7.7.
Part 4 Resolution of costs disputes
12 Notifying Tribunal of costs dispute
For the purposes of section 43 (1) of the Act, a notification to the Tribunal of a costs dispute must be made—(a) in writing and in accordance with the requirements for the making of applications to the Tribunal under the Civil and Administrative Tribunal Act 2013, and(b) within 60 days after the licensee has delivered to the client concerned a bill or account of costs (being a bill or account in relation to the costs the subject of the dispute).
13 Costs of assessment
For the purposes of section 45 of the Act, if the Tribunal refers a costs dispute to an independent expert for assessment, the parties are to bear the costs of the assessment in such manner as may be ordered by the Tribunal.
14 Transfer of proceedings to or from other courts or tribunals
(1) For the purposes of section 50 (2) of the Act—(a) proceedings are to be transferred by order of the court hearing the costs dispute, and(b) notice of the transfer is to be given to the principal registrar of the Tribunal by the registrar of the court hearing the costs dispute, and(c) all documents relating to the proceedings in the custody of the court hearing the costs dispute are to be transferred by the registrar of the court to the principal registrar of the Tribunal.(2) On receipt of such a notice of transfer and accompanying documents, the principal registrar must serve on all of the parties a notice fixing a date and time for the holding of the hearing or a directions hearing in relation to the proceedings.
Part 5 Trust money
Division 1 General
15 Definitions
(1) In this Part—associate, in relation to a licensee, has the same meaning as it has in Part 8 of the Act.cash book means the record required to be kept under clause 17 (c).trust money has the same meaning as it has in Part 5 of the Act.trust receipt book means the record required to be kept under clause 17 (a).viewable form, in relation to a record, means a form that enables the production of the record, on demand, in permanent legible form in the English language.(2) A reference in this Part to a trust account is a reference to a trust account required to be maintained by section 53 of the Act.
16 Keeping of records generally
(1) A licensee must keep the records required by this Part in viewable form.(2) A licensee must keep the records concerned (including any records kept by means of a computer system) at the place of business where the licensee conducts the conveyancing business under the licence.(3) A licensee who conducts a conveyancing business under the licence at more than one place of business is taken to comply with subclause (2) if the licensee—(a) keeps the records relating to business transacted at a particular place of business at that place of business, or(b) keeps the records relating to the business transacted at each place of business at one place of business specified in a written notice given to the Secretary.(4) A licensee must, within 21 days after the end of each month—(a) compile with the records kept by the licensee under this Part the original, or a true copy, of the trial balance statement prepared by the licensee in accordance with clause 28 for that month, and(b) maintain a summary of the total of trust money disclosed in the trial balance statements for that month.Maximum penalty—40 penalty units in the case of a corporation or 20 penalty units in any other case.
17 Specific records to be kept by licensees
Every licensee must keep the following records—(a) a trust receipt book containing the duplicates of all receipts issued from that book (the duplicates being machine-numbered consecutively to correspond with the machine-numbered receipts),(b) a deposit book of an authorised deposit-taking institution referred to in section 53 (1) (c) showing all deposits made by the licensee into the trust account or some other written or electronic record showing those deposits,(c) a trust account cash book or some other written or electronic record of all receipts of amounts required to be paid into, and of all payments made from, the trust account.
18 Computer records
(1) A licensee who keeps records for the purposes of this Part by means of a computer system must comply with this clause.Maximum penalty—40 penalty units in the case of a corporation or 20 penalty units in any other case.(2) The licensee must keep a record, compiled in chronological sequence, of all changes (by creation, amendment or deletion) to any of the following information, showing the details of the information before and after the change—(a) client name,(b) client address,(c) matter number,(d) matter description,(e) client number,(f) trust account number.(3) The licensee must ensure that computer programs relating to ledgers—(a) are not capable of accepting the entry of a transaction resulting in a debit balance to an account unless a contemporaneous record of the transaction is made in such a manner as to enable the production in viewable form of a separate chronological report of all such occurrences, and(b) are not capable of amending the particulars of a transaction already recorded otherwise than by a separate transaction effecting the amendment, and(c) are not capable of deleting an account unless—(i) the balance of the account is zero, and(ii) when the account is deleted, a record of the account will be retained in viewable form.(4) The licensee must also ensure the following—(a) that each computer program requires input in each field of a data entry screen intended to receive information that this Regulation requires to be included in trust records,(b) that entries in the ledger of a journal balance before further entries are made,(c) that journal reference numbers are allocated in sequence by the computer program,(d) that entries in a record retained in viewable form appear in chronological sequence,(e) that a report, or each page of or entry in a report, is numbered in sequence by the computer program in a manner that enables easy verification of the completeness of the records that this Regulation requires to be kept,(f) that a back-up copy of all records that this Regulation requires to be kept that are kept by means of a computer system is made on a computer disk or magnetic tape, or by other electronic means, at least once in every four weeks,(g) that the most recent back-up copy is kept in such a place that any incident (such as a power or disk failure) that could adversely affect the records would not also affect the back-up copy.
19 Statements of account
(1) A licensee must, in accordance with this clause, furnish to each person for whom or on whose behalf money is held by the licensee a separate statement of account in respect of the ledger account maintained for the person.(2) The statement of account must be furnished—(a) within 14 days after the licensee receives a written request for the statement, and(b) within 21 days after each of the following—(i) completion of the matter to which the ledger account relates,(ii) the closure and removal of the account from the relevant ledger,(iii) except as provided by subclause (4)—31 March and 30 September in each year.(3) The statement of account must contain particulars of—(a) the money received and held by the licensee for or on behalf of the person in the course of the licensee’s conveyancing business, and(b) the disbursement of the money, andand must identify the transactions to which the particulars relate.(c) the remaining balance of the money,(4) A licensee is not required to furnish a statement of account under subclause (2) (b) (iii) if, at the relevant day—(a) the account has been open for less than 6 months, or(b) the balance of the account is zero and no transaction affecting the account has taken place within the preceding 6 months, or(c) a statement of account has been furnished within the preceding 6 months and there has been no subsequent transaction affecting the account, or(d) the licensee has received a notice under subclause (5) waiving compliance with the requirement and has not received notice of revocation of the waiver.(5) A person for whom, or on whose behalf, money is held by a licensee—(a) may, by written notice to the licensee in accordance with the form approved by the Secretary, waive compliance by the licensee with the requirements of subclause (2) (b) (iii), and(b) may, by further written notice to the licensee, revoke the waiver.(6) A licensee must retain a copy of a statement of account with the file to which it relates.Maximum penalty—40 penalty units in the case of a corporation or 20 penalty units in any other case.cl 19: Am 2018 No 65, Sch 8.3[2].
20 Receipt and withdrawal of money for costs and disbursements
(1) This clause prescribes, for the purposes of section 53 (3) (a) of the Act, the procedure to be followed by a licensee to withdraw or receive, from trust money, money due to the licensee for costs.(2) The licensee—(a) must have disclosed, in accordance with Division 5 of Part 3 of the Act, the costs and other matters required to be disclosed under section 36 of the Act to the person from whom the licensee has received trust money, or(b) must be able to claim, in terms of section 39 of the Act, that the disclosure was not required because, in the circumstances, it was not reasonable to require it.(3) The licensee must deliver to the person a bill or account of the costs together with written notice that, unless the person objects, the licensee intends to withdraw the money and to apply it towards payment of the bill or account at the expiration of 30 days after the delivery.(4) One of the following circumstances must apply—(a) the person has authorised in writing the withdrawal or receipt,(b) the period of 30 days specified in the notice accompanying the bill or account has expired without the person having made an objection,(c) the person, having made an objection within that specified period, has not, within the time limit set by clause 12, notified the Tribunal of a dispute in relation to the costs concerned.
Division 2 Trust accounts
21 Banking of trust money
A licensee who receives trust money must pay it into the licensee’s trust account—(a) before the end of the next banking day after the day of its receipt, if that is practicable, or(b) if that is not practicable, as soon as practicable after that day.Maximum penalty—40 penalty units in the case of a corporation or 20 penalty units in any other case.
22 Receipts for trust money
(1) A licensee must cause a receipt to be prepared in accordance with this clause immediately after the licensee receives trust money for or on behalf of any person.(2) The following particulars must be shown on each receipt—(a) the date of issue,(b) the number of the receipt,(c) the name of the licensee, or (if appropriate) the business name under which the licensee conducts the conveyancing business, and the words “Trust Account”,(d) the name of the person from whom the payment was received,(e) the name and ledger reference number of the person on whose behalf the payment was made,(f) particulars sufficient to identify the transaction in respect of which the money was paid,(g) the amount of money received and whether (or the extent to which) it was paid in cash or by cheque, by electronic funds transfer or otherwise.(3) A copy of the particulars shown on the receipt must be made simultaneously—(a) on the machine-numbered duplicate form provided in the trust receipt book (if the receipt is issued from that book), or(b) in the cash book (if the receipt is issued otherwise than from the trust receipt book).(4) Receipts must be prepared in the numerical order of the series to which they belong.(5) The original of a receipt must be issued, on demand, to the person from whom the trust money is received.(6) A licensee must retain—(a) any original receipt that is not issued to the person from whom the trust money is received, and(b) any original receipt that is cancelled after it is prepared, and(c) duplicate receipts (except in the case of receipts referred to in subclause (3) (b)).Maximum penalty—40 penalty units in the case of a corporation or 20 penalty units in any other case.
23 Payment of trust money
(1) A licensee must ensure that trust money is not drawn from the licensee’s trust account otherwise than by cheque or electronic funds transfer in accordance with this clause (including the record keeping requirements of this clause).Maximum penalty—40 penalty units in the case of a corporation or 20 penalty units in any other case.(2) Each cheque must—(a) be machine numbered in series, and(b) be marked “not negotiable”, and(c) not be payable to cash, and(d) contain the name of the licensee, or (if appropriate) the business name under which the licensee conducts the conveyancing business, and the words “Trust Account”, and(e) be signed by the licensee or another person authorised by or under clause 29 to sign the cheque.(3) The licensee must ensure that cheques are drawn in the numerical order of the series to which they belong and that for each cheque a record is kept of—(a) the number and date of issue, the payee and the amount of the cheque, and(b) details identifying the ledger account to be debited and the name and ledger reference number of the person on whose behalf the cheque was drawn, and(c) the reason for which the cheque was drawn.(4) The licensee must ensure that a record of the following is kept in relation to each electronic funds transfer—(a) the name of the person effecting the transfer and, if the transfer is effected under the direction of some other person or under an authority delegated under clause 29, the name of the person under whose direction or delegation the transfer is effected,(b) the reference number or other particulars sufficient to identify the transfer, the date of the transfer, the payee and the amount transferred to or from each ledger account,(c) details identifying the ledger accounts to be debited and the name and ledger reference number of each person on whose behalf the transfer was made,(d) particulars of the reason for the transfer.
24 Trust deposits
(1) A licensee who makes a deposit of money to the licensee’s trust account must ensure—(a) that the relevant deposit book or other written deposit record is produced to the bank when the deposit is made, and(b) that the following particulars are entered in the book or record—(i) the date of the deposit,(ii) the amount of the deposit,(iii) whether the deposit consists of cheques, notes or coins,(iv) if cheques are included in the deposit, the name of the drawer, the name and branch of the bank on which the cheque is drawn and the amount of each cheque, and(c) that a duplicate of the particulars of each deposit is retained by the licensee.Maximum penalty—40 penalty units in the case of a corporation or 20 penalty units in any other case.(2) This clause does not apply to a deposit of money made directly to a licensee’s trust account (except a deposit made by the licensee), electronically or otherwise.
25 Cash book record of trust account transactions
(1) A licensee must keep in the cash book, in accordance with this clause, a record of daily receipts and payments of money into and out of the licensee’s trust account.(2) The pages of the cash book must be consecutively numbered.(3) The cash book must show the following—(a) the consecutive numbers of receipts issued or cancelled,(b) the consecutive numbers of cheques drawn or cancelled,(c) in the case of money received or disbursed by means of electronic funds transfer, the consecutive reference numbers or other means of identification of the transfers.(4) The particulars of payments of money into and out of a licensee’s trust account that are required by this clause must be entered in the cash book as soon as is practicable after the receipt or payment of the money concerned.(5) When money required to be paid into the trust account is received, the licensee must enter the following particulars in the cash book—(a) the date of issue of the receipt,(b) the number of the receipt,(c) the name of the person from whom the payment was received,(d) the name and ledger reference number of the person on whose behalf the payment was made,(e) particulars sufficient to identify the transaction in respect of which the money was paid,(f) the amount of money received and whether (or the extent to which) it was paid in cash or by cheque, by electronic funds transfer or otherwise,(g) the date of the deposit of the money to the trust account,(h) the amount of the deposit.(6) When money is paid out of the trust account, the licensee must enter into the cash book the particulars required by clause 23 (3) to be recorded for a cheque or required by clause 23 (4) to be recorded for an electronic funds transfer.(7) At the end of each named month, the licensee must balance the cash book and either—(a) carry forward the balance to the commencement of the next month, or(b) carry forward the balance to a ledger account provided for the purpose.(8) The licensee must, at the end of each named month, prepare a statement reconciling the balance of the licensee’s trust account with the balance of the related cash book.Maximum penalty—40 penalty units in the case of a corporation or 20 penalty units in any other case.
26 Journal
(1) A licensee must record, in accordance with this clause, in a journal maintained exclusively for the licensee’s trust account, all transfers between accounts in the trust account ledger that are not effected by cheque or electronic funds transfer.(2) The recording must include the following—(a) the date of the transfer,(b) the amount transferred to and from each ledger account,(c) the names of all ledger accounts to be debited or credited,(d) the relevant reference number or other identification,(e) sufficient particulars to identify the transfer and the reason for the transfer.(3) Each transfer, when entered in the journal, is to be numbered consecutively.Maximum penalty—40 penalty units in the case of a corporation or 20 penalty units in any other case.
27 Trust account ledger
(1) A licensee must maintain, in accordance with this clause, a separate ledger account for trust money received on behalf of or paid to each client.(2) The ledger account must include the name of the client, a reference number or other identification and particulars of each transaction affecting trust money.(3) Those particulars must include the following—(a) the date of the transaction,(b) a description of the transaction,(c) particulars sufficient to identify the trust record originating the transaction,(d) the amount of the transaction,(e) the resulting current balance of account arising from the transaction.Maximum penalty—40 penalty units in the case of a corporation or 20 penalty units in any other case.
28 Trust account ledger trial balance
(1) A licensee must, within 21 days after the end of each named month, prepare, in accordance with subclause (2), a trial balance statement of all ledger accounts current as at the end of that month.(2) The trial balance statement must—(a) specify the month to which it refers and the date of its preparation, and(b) list each ledger account that does not have a zero balance at the end of that month by stating the name of the client, the reference number or other identification and the balance of the account at the end of the month, and(c) show the total of the ledger account balances at the end of that month, and(d) show a comparison between that total and the balance in the cash book reconciled with the balance in the trust account as required by clause 25 (8).Maximum penalty—40 penalty units in the case of a corporation or 20 penalty units in any other case.
29 Signing of cheques or effecting electronic funds transfers—trust account
(1) A licensee that is a corporation or who is a sole proprietor or a partner has authority to sign a cheque (a trust cheque) drawn on, or to effect an electronic funds transfer (a trust EFT) from, the licensee’s trust account.(2) A licensee in charge of a place of business has authority to sign a trust cheque or effect a trust EFT.(3) A licensee who has authority otherwise than as a delegate to sign trust cheques or effect trust EFTs may delegate that authority—(a) if the licensee is a corporation—to one or more directors of the corporation each of whom is a licensee, and to not more than 2 employees at each place of business of the corporation, or(b) if the licensee is a sole proprietor or a partner—to not more than 2 employees at each place of business of the sole proprietor or partnership, or(c) if the licensee is a person in charge of a place of business—to not more than 2 employees at the place of business.(4) The delegation must be in writing and signed by the licensee and the delegate and may be revoked by the delegator by giving written notice of revocation to the delegate.(5) A delegation in force under this clause authorises the delegate to sign trust cheques or effect trust EFTs to which the delegation relates—(a) (except in the case of a delegation by a licensee that is a corporation) only if the delegator is unable to sign the cheque or effect the transfer with due expedition because of his or her being sick or injured or absent for good reason, and(b) subject to such terms and conditions (whether relating to the value of the cheques or transfers or the number of signatories or not) as may be stated in the instrument of delegation.(6) This clause does not remove any additional prohibition or restriction on the signing of trust cheques or the effecting of trust EFTs made by the constitution or the terms of the partnership agreement of any company or partnership concerned.(7) A licensee who purports to delegate his or her authority to sign a trust cheque or effect a trust EFT otherwise than in accordance with this clause is guilty of an offence.Maximum penalty—40 penalty units in the case of a corporation or 20 penalty units in any other case.(8) A person who signs a trust cheque or effects a trust EFT purporting to do so as the delegate of a licensee but who has not been authorised to do so in accordance with this clause is guilty of an offence.Maximum penalty—40 penalty units in the case of a corporation or 20 penalty units in any other case.
30 Account in the name of a licensee
(1) A licensee may maintain in his or her trust account ledger an account in his or her name—(a) for the purpose of aggregating in the account, by transfer from other accounts in the trust account ledger, money properly due to the licensee for costs and disbursements, and(b) in respect of money in which the licensee has a personal and beneficial interest as a vendor, purchaser, mortgagor, mortgagee, lessor, lessee or in other like capacity.(2) A licensee must withdraw money held in an account under subclause (1) (a) not later than 21 days after the day on which the money is transferred to the account.(3) A licensee must withdraw money held in an account under subclause (1) (b)—(a) at the conclusion of any matter to which the money relates, or(b) if it comprises rent, interest, instalments of principal or other periodic payments—not later than 6 months after the date on which the money was credited to the account.Maximum penalty—40 penalty units in the case of a corporation or 20 penalty units in any other case.
Part 6 Records
31 Records that licensees must keep
(1) A licensee must keep the following records relating to any transaction carried out by the licensee or the licensee’s employees in connection with conveyancing work carried out by them—(a) originals or copies of all documents evidencing the transaction concerned (for example, agreements, conveyances, transfers, leases and mortgages) and all associated documents (for example, documents required by law to be attached to contracts for the sale of land, inspection reports, requisitions on title and responses to such requisitions),(b) originals or copies of all other documents and records maintained, issued or received by the licensee or the licensee’s employees (for example, letters, file notes, invoices and settlement sheets).(2) The licensee must ensure that the records required to be kept under subclause (1) in relation to a transaction are kept in a separate file (relating only to that transaction) for the client concerned.Maximum penalty—40 penalty units in the case of a corporation or 20 penalty units in any other case.
32 Period for which records must be retained
(1) A licensee must retain a record required to be kept under clause 31 or Part 5 (including any such record the possession of which the licensee has lawfully acquired as a consequence of a transfer to the licensee of a conveyancing business) for at least 7 years after it is made and provide for its safe keeping throughout that time.Maximum penalty—40 penalty units in the case of a corporation or 20 penalty units in any other case.(2) However, subclause (1) does not apply to the licensee if the record has passed to the lawful possession of another licensed conveyancer or a solicitor as a consequence of the transfer of the licensee’s conveyancing business.
33 Records and book entries to be in English language
A licensee must ensure that all written records required to be made or produced by the licensee, by the provisions of the Act or this Regulation, are in the English language.Maximum penalty—40 penalty units in the case of a corporation or 20 penalty units in any other case.
Part 7 General
34 The Register
(1) The Secretary is to enter and keep in the Register required to be maintained under section 162 of the Act details of the following particulars in respect of each licence issued under the Act—(a) the name and business address of the person to whom the licence is issued,(b) the number of the licence,(c) date of issue and expiry,(d) in the case of a licence issued to a member of a partnership—the name and business address of each licensed member of the partnership,(e) in the case of a corporation licence—the name and business address of each director of the corporation,(f) the cancellation or any current suspension of the licence,(g) any condition of the licence under section 14 (a)–(d) of the Act,(h) action taken under Part 9 (Complaints and disciplinary action) of the Act against the licensee that resulted in an adverse finding against the licensee, together with details of any disciplinary action taken against the licensee as a result of that adverse finding,(i) proceedings for any offence under the Act or this Regulation taken against the licensee that resulted in a conviction for any such offence, together with details of any penalty imposed for the offence,(j) current undertakings given under the Act by the licensee,(k) the appointment of a manager or receiver under the Act in respect of the licensee,(l) the number of payments made from the Compensation Fund under Part 10 of the Property and Stock Agents Act 2002 in respect of any failure to account of the licensee,(m) the suspension of the licence under section 79A of the Fair Trading Act 1987,(n) action in the nature of disciplinary action taken under any other legislation administered by the Minister against the licensee that resulted in an adverse finding against the licensee, together with details of any action taken against the licensee as a result of that adverse finding.(2) The Secretary is also to enter and keep in the Register details of any application for a licence that is refused on the ground that the applicant is not a fit and proper person to hold a licence.(3) Details entered in the Register under subclause (2) in respect of a person whose application is so refused are to be removed from the Register on the subsequent grant of a licence to the person.(4) Details entered in the Register under subclause (1) (h) or (i) are to be removed from the Register on the expiration of the period of 10 years after the action or conviction to which they relate.cl 34: Am 2020 (306), Sch 1[4].
35 Complaints and discipline
The following provisions of the Act are prescribed as provisions that remain applicable to a suspended licence for the purposes of section 133 (3) of the Act—(a) section 66 (Secretary may require information),(b) section 72 (Power to require production of licensee’s records),(c) sections 75 (Requirement for audit) and 77 (Statutory declaration required where no money held or received on behalf of another person), except when a receiver or manager has been appointed,(d) section 88 (Claims can be made against Compensation Fund) to the extent that it applies section 179 of the Property and Stock Agents Act 2002 (Production of documents),(e) section 95 (Powers of a manager),(f) section 152 (Fraudulent conversion and false accounts of money received by licensee),(g) section 153 (Fraudulent accounts for expenses, fees and other charges).cl 35: Am 2016 No 27, Sch 1.7 [3]; 2020 (306), Sch 1[4].
36 Modification of Licensing and Registration (Uniform Procedures) Act 2002
Section 10 (Applications for restoration of licences) of the Licensing and Registration (Uniform Procedures) Act 2002 does not apply in respect of a licence that has been cancelled under Part 9 (Complaints and disciplinary action) of the Conveyancers Licensing Act 2003.
37 Corporate licensees
A licensee that is a corporation meets any obligation it may have under section 77 of the Act if the requisite statutory declarations are made and lodged in accordance with that section by—(a) if the corporation has only one director—the director of the corporation, or(b) if the corporation has more than one director—any two directors of the corporation.
37A Secretary’s power to waive, reduce, postpone or refund fees
The Secretary may waive, reduce, postpone or refund, in whole or part, a fee payable or paid under the Act or this Regulation if the Secretary is satisfied it is appropriate because—(a) the person who is to pay or has paid the fee is suffering financial hardship, or(b) special circumstances exist.Example of ‘special circumstances’—circumstances involving a natural disaster or recovery from a natural disastercl 37A: Ins 2020 No 3, Sch 1.9.
37B Partial refund of application fees for certain licences
(1) This clause applies to an application fee for a licence with a term of 3 years or 5 years, paid by or on behalf of a person who—(a) has requested the licence be cancelled under the Act, or(b) if the fee was paid by or on behalf of an individual—has died.(2) A person may apply to the Secretary for a refund of the application fee if the person—(a) paid the application fee, or(b) is applying for or on behalf of the person who paid the application fee, or(c) is the legal representative of a deceased individual who paid the application fee.(3) A person is not entitled to make an application under this clause if the licence was suspended or cancelled as a result of disciplinary action.(4) A person who makes an application under subclause (2) is—(a) for a licence with a term of 3 years—entitled to a refund of one-third of the fixed component of the application fee paid for each complete year remaining for the licence, or(b) for a licence with a term of 5 years—entitled to a refund of one-fifth of the fixed component of the application fee paid for each complete year remaining for the licence.(5) In this clause—application fee means the following—(a) an application fee for the grant of a licence,(b) an application fee for the renewal of a licence,(c) an application fee for the restoration of a licence.fixed component, of an application fee, is the amount set out in Column 2 of Part 1 of Schedule 2 in relation to the fee.cl 37B: Ins 2020 (306), Sch 1[5].
38 Penalty notice offences and penalties
For the purposes of section 158 of the Act—(a) each offence created by a provision specified in Column 1 of Schedule 4 is an offence for which a penalty notice may be served, and(b) the penalty prescribed for each such offence is the amount specified opposite the provision in Column 2 of Schedule 4 or, if the person alleged to have committed the offence is a corporation and a greater penalty is specified in Column 3 of Schedule 4, the amount specified in Column 3 of Schedule 4.
39 Saving
Any act, matter or thing that, immediately before the repeal of the Conveyancers Licensing Regulation 2006, had effect under that Regulation continues to have effect under this Regulation.
Schedule 1 (Repealed)
sch 1: Rep 2018 No 65, Sch 8.3[3].
Schedule 2 Fees
(Clause 5)
Part 1 Fees payable
Item | Column 1 | Column 2 | Column 3 | Column 4 |
Type of fee | Fixed component (in fee units) | Processing component (in fee units) | Total (in fee units) | |
1 | Application for grant of licence— | |||
(a) for 1 year | 2.33 | 2.13 | 4.46 | |
(b) for 3 years | 6.99 | 2.13 | 9.12 | |
(c) for 5 years | 11.65 | 2.13 | 13.78 | |
2 | Application for renewal of licence— | |||
(a) for 1 year | 2.33 | 0.69 | 3.02 | |
(b) for 3 years | 6.99 | 0.69 | 7.68 | |
(c) for 5 years | 11.65 | 0.69 | 12.34 | |
3 | Application for restoration of licence— | |||
(a) for 1 year | 2.33 | 1.42 | 3.75 | |
(b) for 3 years | 6.99 | 1.42 | 8.41 | |
(c) for 5 years | 11.65 | 1.42 | 13.07 | |
4 | Application for replacement of licence | Nil | 0.46 | 0.46 |
Note—
In addition to the application fee prescribed by this Regulation, section 89 of the Conveyancers Licensing Act 2003 provides that an applicant for a licence is liable to pay the contribution to, and any levy for, the Compensation Fund required under section 168 or 169 of the Property and Stock Agents Act 2002. See clause 5(5) and (6) of this Regulation for the contribution to, and any levy for, the Compensation Fund payable by an applicant for a licence.
Part 2 Adjustment of fees for inflation
1 Definitions
In this Part—CPI number means the Consumer Price Index (All Groups Index) for Sydney published by the Australian Bureau of Statistics in the latest published series of that index.financial year means a period of 12 months commencing on 1 July.
2 Calculation of fee unit for purposes of Regulation
(1) For the purposes of this Regulation, a fee unit is—(a) in the financial year 2017–18—$100, and(b) in each subsequent financial year—the amount calculated as follows—%20AND%20(No%3D0495)%20AND%20(Year%3D2015)%20AND%20(%22Historical%20Document%22%3D0))/g1.gif)
where—A is the CPI number for the March quarter in the financial year immediately preceding the financial year for which the amount is calculated.B is the CPI number for the March quarter of 2017.(2) The amount of a fee unit is to be rounded to the nearest cent (and an amount of 0.5 cent is to be rounded down).(3) However, if the amount of a fee unit calculated for any financial year is less than the amount that applied for the previous financial year, then the amount for that previous financial year applies instead.Editorial note—Fee unit amount calculated under this clause—
3 Rounding of fee amounts
The amount of a fee calculated by reference to a fee unit (including the amount of a component of a fee) is to be rounded to the nearest dollar (and an amount of 50 cents is to be rounded down).
4 Notice of indexed fees
(1) As soon as practicable after the CPI number for the March quarter is first published by the Australian Statistician, the Secretary is required to—(a) notify the Parliamentary Counsel of the amount of the fee unit for the next financial year so that notice of that amount can be published on the NSW legislation website, and(b) give public notice on an appropriate government website of the actual amounts of the fees applying in each financial year resulting from the application of the amount of a fee unit calculated under this Part.(2) This Part operates to change an amount of a fee that is calculated by reference to a fee unit and that change is not dependent on the notification or other notice required by this clause.
sch 2: Subst 2016 (230), Sch 1 [3]; 2017 (205), Sch 1 [3]. Am 2020 (306), Sch 1[6].
Schedule 3 Rules of conduct
(Clause 8)
1 Knowledge of Act and this Regulation
A licensee must have a knowledge and understanding of the Act and this Regulation, and such other laws as may be necessary to enable the licensee to exercise his or her functions as a conveyancer lawfully.
2 Honesty, fairness and professionalism
(1) A licensee must act honestly, fairly and professionally with all parties in a transaction.(2) A licensee must not misinform or otherwise mislead or deceive any parties in negotiations or a transaction.
3 Skill, care and diligence
A licensee must exercise reasonable skill, care and diligence.
4 Fiduciary obligations
A licensee must comply with the fiduciary obligations arising from the licensee’s activities as a conveyancer.
5 To undertake only work within competence
A licensee must not accept instructions to act as a conveyancer unless the licensee is competent to perform the conveyancing work concerned.
6 To perform work promptly
A licensee must only accept instructions to act as a conveyancer if he or she reasonably expects to be able to carry out the conveyancing work concerned reasonably promptly.
7 To act in client’s best interests
A licensee must act in the client’s best interests at all times unless it would be contrary to the Act or this Regulation or otherwise unlawful to do so.
8 To communicate regularly with client
A licensee must communicate regularly with a client to ensure that the client is kept up to date with the progress of the client’s matter.
9 To act in accordance with client’s instructions
A licensee must act in accordance with a client’s instructions unless it would be contrary to the Act or this Regulation or otherwise unlawful to do so.
10 To confirm client’s oral instructions in writing
A licensee must ensure that oral instructions (other than those of a trivial nature) received from a client are confirmed with the client in writing as soon as possible after they are received.
11 Conflicts of interest
A licensee must not accept instructions to act, or continue to act, as a conveyancer for a client if doing so would place the licensee’s interests in conflict with the client’s interests.
12 Acting for more than one party to a transaction
(1) A licensee may only act for more than one party to a transaction if the licensee discloses in writing to each party that the licensee is intending to act for the others, and each party consents in writing to the licensee so acting.(2) If a licensee who is acting for more than one party cannot continue to act for all of the parties without acting in a manner contrary to the interests of one or more of them, the licensee must cease to act for all of the parties.(3) The disclosure referred to in subrule (1) must indicate that, as a consequence of acting for more than one party to the transaction—(a) the licensee may be prevented from—(i) disclosing to each party all information within the licensee’s knowledge that is relevant to the transaction, and(ii) giving advice to one party that is contrary to the interests of the other, and(b) the licensee will cease to act for all parties if the licensee would otherwise be obliged to act in a manner contrary to the interests of one or more of them.
13 Confidentiality
A licensee must not, at any time, use or disclose any confidential information obtained while acting on behalf of a client unless—(a) the client authorises disclosure, or(b) the licensee is permitted or compelled by law to disclose the information.
14 Noting of instructions, enquiries and telephone conversations
(1) A licensee must make a written record of the following communications (other than those of a trivial nature)—(a) all instructions received from the licensee’s clients and advice given,(b) all telephone conversations made or received in connection with conveyancing work,(c) all enquiries made in connection with conveyancing work and responses given.(2) The record must be in the form of a file note and must be kept on the file of the client to whom the conveyancing work relates.(3) The record must be retained for at least 7 years after it is made.(4) A record required to be kept under this rule may be maintained in electronic form, provided it can be produced in a permanent legible form in the English language.
15 Referral to service provider
(1) A licensee who refers a client or prospective client to a service provider must not falsely represent to the client or prospective client that the service provider is independent of the licensee.(2) A service provider is considered to be independent of a licensee if—(a) the licensee receives no rebate, discount, commission or benefit for referring a client or customer to the service provider, and(b) the licensee does not have a personal or commercial relationship with the service provider.(3) The following are examples of a personal or commercial relationship—(a) a family relationship,(b) a business relationship,(c) a fiduciary relationship,(d) a relationship in which one person is accustomed, or obliged, to act in accordance with the directions, instructions or wishes of the other person.(4) If the service provider is not independent of the licensee, the licensee must disclose to the client or prospective client—(a) the nature of any relationship, whether personal or commercial, the licensee has with the service provider, and(b) the nature and value of any rebate, discount, commission or benefit the licensee may receive, or expects to receive, by referring the client or prospective client to the service provider.(5) In this rule—service provider means a person who provides a service in relation to a conveyancing transaction (for example, a building inspector, pest inspector, valuer, surveyor, insurer, mortgage originator, mortgage broker or another licensee).
16 Inducements
A licensee must not offer to provide to any other person any gift, favour or benefit, whether monetary or otherwise, in order to induce any third person to engage the services of the licensee as conveyancer in respect of any matter.
17 (Repealed)
18 Termination of licensee’s services
A licensee must complete the conveyancing work in respect of which the licensee has accepted instructions to act for a client unless—(a) the licensee and the client have otherwise agreed, or(b) the client terminates the services of the licensee, or(c) the licensee terminates the provision of services to the client by giving 14 days written notice to the client.
19 Transfer of conveyancing work
(1) If—(a) a licensee ceases to act for a client before completing the conveyancing work in respect of which the licensee has accepted instructions to act for a client, andthe first-mentioned licensee must, within 14 days after receipt of a direction in writing from the client, deliver to the second-mentioned licensee or the solicitor all relevant documents to which the client is entitled and any information that is necessary for the proper conduct of the client’s conveyancing work.(b) the client instructs another licensee or a solicitor to take over the conduct of the client’s conveyancing work,(2) Subrule (1) does not prevent a licensee from exercising a general retaining lien over documents.
20 Transfer of conveyancing business
(1) If a licensee intends to transfer the whole or part of the licensee’s conveyancing business (including clients’ work in progress) to another licensee or a solicitor, the first-mentioned licensee must give each client 14 days written notice of the following—(a) the intended transfer of documents to the licensee or solicitor acquiring the business, unless a contrary direction is received from the client,(b) the client’s right to give to the first-mentioned licensee a contrary direction in relation to the conduct of the client’s affairs and the delivery of the client’s documents.(2) If the licensee holds money on behalf of the client in trust, the notice referred to in subrule (1) must also advise the client of the following—(a) the balance of money held on the client’s behalf,(b) the licensee’s intention to transfer the relevant account to the licensee or solicitor acquiring the business, unless advised by the client to the contrary,(c) the client’s right to give to the first-mentioned licensee a contrary direction as to the manner in which the licensee should deal with the account on the client’s behalf.(3) Nothing in this rule limits the operation of any other legislative provisions applicable to the trust money held by the licensee.
21 Conducting another business
(1) A licensee who engages in the conduct of another business concurrently with the conduct of the licensee’s conveyancing business must ensure the following—(a) that the other business is not of such a nature that the licensee’s involvement in it would be likely to impair, or conflict with, the licensee’s duties to clients in the conduct of the conveyancing business,(b) that separate and independent files, records and accounts are maintained in respect of the conveyancing business and of the other business,(c) that the licensee ceases to act for a client of the conveyancing business if the licensee’s interest in the other business is likely to conflict with the client’s interests.(2) A licensee is taken to be engaged in the conduct of another business if the licensee or an associate—(a) is entitled, at law or in equity, to an interest in the assets of the business which is significant or of relatively substantial value, or(b) exercises any material control over the conduct and operation of the business, or(c) has an entitlement to a share of the income of the business which is substantial, having regard to the total income which is derived from the business.
22 Independence of licensee advising on loan or security documents
(1) A licensee must provide competent, independent and disinterested advice in advising a proposed signatory to documents creating a loan or a security interest (loan or security documents).(2) The licensee must not act for the lender in the transaction to which the loan or security documents relate.(3) The licensee must not advise a proposed signatory to loan or security documents in any circumstances where the interests of any signatory or proposed signatory to the documents conflict with those of the licensee or with those of any other client of the licensee.
23 Advising proposed signatories on loan or security documents
(1) A licensee must advise a proposed signatory to documents creating a loan or security interest (loan or security documents) of those matters that the licensee, in exercising the professional skill and judgment called for in the circumstances of the particular case, considers appropriate.(2) Without limiting the generality of subrule (1), when advising a proposed signatory who is to be a borrower or a security provider referred to as a borrower in loan or security documents (the borrower), the licensee must, where applicable, advise the borrower of the following—(a) that by signing the documents the borrower will be liable for regular payments of interest and repayment of the amount of the loan at the due date,(b) that if the borrower fails to make any payment on time, the lender can charge a higher rate of interest, and the lender’s costs of rectifying that failure,(c) that if the borrower fails to comply with any of the terms and conditions of the loan including the obligations to pay principal or interest—(i) the lender can sue the borrower personally, and(ii) the lender may take possession of the borrower’s property and, after notice, sell it to recover the amount owing together with interest and other costs including conveyancer’s costs, the costs of selling the property and the costs of maintaining the property, and(iii) if the proceeds of sale of the borrower’s property are insufficient to satisfy the debt to the lender, the lender can sue the borrower for the deficit,(d) that if the National Credit Code applies, additional obligations, rights and remedies may apply as set out in the loan documents.(3) A licensee giving independent advice to a proposed borrower must obtain the borrower’s written acknowledgment of the independent advice.(4) Without limiting the generality of subrule (1), when advising a proposed signatory who is to be a third party mortgagor, guarantor, surety mortgagor or indemnifier providing security for the borrower (the guarantor), the licensee must, where applicable, advise the guarantor of the following—(a) that if the borrower fails to make any payment on time, the guarantor will be liable to remedy that failure, and that could involve the guarantor in payment to the lender of all amounts owed by the borrower to the lender including principal, interest, default interest and the lender’s costs of rectifying the default,(b) that if the guarantor fails to remedy any failure by the borrower to comply with the terms and conditions of the loan in any way, including the obligation to pay principal, interest, default interest, or other charges—(i) the lender can sue the guarantor personally, and(ii) the lender can take possession of the guarantor’s property secured to the lender and, after notice, sell it to recover the amount owing together with interest and other costs including conveyancer’s costs, the costs of selling the property and the costs of maintaining the property, and(iii) if the proceeds of sale of the guarantor’s property are insufficient to satisfy the debt to the lender, the lender can sue the guarantor for the deficit,(c) if the guarantor is a proposed signatory to documents under which the guarantor’s liability can be increased, of that fact and the extent of the possible increase, and of any restriction or limitation of the guarantor’s rights or obligations in relation to the security and any other party to the documents,(d) that the lender can exercise the lender’s rights against the guarantor even if the lender has not pursued the borrower,(e) that the liability of the guarantor is limited to a specified sum, or is unlimited (whichever is the case) and may be affected by cross guarantees,(f) that if the National Credit Code applies, additional obligations, rights and remedies may apply as set out in the loan documents.(5) A licensee giving independent advice to a proposed guarantor must obtain the guarantor’s written acknowledgment of the independent advice.(6) In any case, a licensee advising a proposed signatory (whether a proposed borrower or a proposed guarantor) must advise the proposed signatory of the following—(a) that the licensee does not profess any qualification to give financial advice,(b) that if the proposed signatory has any questions about any financial aspect of the transaction or the loan or security documents, the proposed signatory should consult an accountant or other financial counsellor of the proposed signatory’s choice before signing the documents.(7) In this rule—National Credit Code means the National Credit Code as set out in Schedule 1 to the National Consumer Credit Protection Act 2009 of the Commonwealth.
24 Honouring undertakings
(1) A licensee who gives an undertaking in the course of conveyancing work must honour that undertaking and ensure timely and effective performance of the undertaking, unless released by the recipient or by the Secretary.(2) A licensee must not seek from another licensee or solicitor, or that licensee or solicitor’s employee, associate or agent, any undertaking in respect of a matter that would require the co-operation of a third party who is not party to the undertaking.
sch 3: Am 2018 No 65, Sch 9.2.
Schedule 4 Penalty notice offences
(Clause 38)
Column 1 | Column 2 | Column 3 |
Provision | Penalty | Penalty |
Offences under the Act | ||
Section 6 (1) | $1,100 | |
Section 19 (3) | $550 | |
Section 20 (1) | $1,100 | $2,200 |
Section 20 (2) | $1,100 | $2,200 |
Section 20 (3) | $1,100 | $2,200 |
Section 20 (4) | $1,100 | $2,200 |
Section 21 (1) | $1,100 | $2,200 |
Section 24 (1) | $550 | |
Section 25 | $1,100 | |
Section 26 (1) | $1,100 | $2,200 |
Section 27 (1) | $1,100 | $2,200 |
Section 28 (2) | $1,100 | $2,200 |
Section 29 (5) | $550 | |
Section 31 (1) | $550 | |
Section 31 (2) | $550 | |
Section 31 (3) | $550 | |
Section 32 | $550 | |
Section 33 | $550 | |
Section 35 | $1,100 | |
Section 36 (1) | $1,100 | $2,200 |
Section 53 (6) | $1,100 | |
Section 53 (7) | $1,100 | |
Section 56 | $1,100 | |
Section 58 | $1,100 | |
Section 59 | $1,100 | |
Section 60 | $1,100 | |
Section 64 (6) | $550 | |
Section 68 (1) | $1,100 | |
Section 74 (1) (a) | $1,100 | |
Section 74 (1) (b) | $1,100 | |
Section 74 (1) (c) | $1,100 | |
Section 74 (1) (d) | $1,100 | |
Section 74 (3) | $110 | |
Section 75 (1) (a) | $550 | $1,100 |
Section 75 (1) (b) | $550 | $1,100 |
Section 75 (3) | $550 | $1,100 |
Section 77 | $550 | |
Section 83 (1) | $5,500 | |
Section 83 (3) | $1,100 | $1,100 |
Section 84 | $1,100 | |
Section 110 (1) | $1,100 | |
Section 112 (a) | $1,100 | |
Section 112 (b) | $1,100 | |
Section 112 (c) | $1,100 | |
Section 112 (d) | $1,100 | |
Section 112 (e) | $1,100 | |
Section 130 (2) | $550 | |
Section 143 | $1,100 | $2,200 |
Section 144 | $220 | $440 |
Section 161 (1) | $220 | |
Offences under this Regulation | ||
Clause 16 (1) | $550 | $1,100 |
Clause 16 (2) | $550 | $1,100 |
Clause 16 (4) | $550 | $1,100 |
Clause 18 (1) | $550 | $1,100 |
Clause 19 (1) | $550 | $1,100 |
Clause 19 (6) | $550 | $1,100 |
Clause 21 | $550 | $1,100 |
Clause 22 (1) | $550 | $1,100 |
Clause 22 (6) | $550 | $1,100 |
Clause 24 (1) (b) | $550 | $1,100 |
Clause 25 (1) | $550 | $1,100 |
Clause 25 (5) | $550 | $1,100 |
Clause 25 (6) | $550 | $1,100 |
Clause 26 (1) | $550 | $1,100 |
Clause 27 (1) | $550 | $1,100 |
Clause 28 (1) | $550 | $1,100 |
Clause 29 (7) | $550 | $1,100 |
Clause 29 (8) | $550 | $1,100 |
Clause 31 (1) | $550 | $1,100 |
Clause 31 (2) | $550 | $1,100 |
Clause 32 (1) | $550 | $1,100 |
Clause 33 | $550 | $1,100 |