Property, Stock and Business Agents Act 1941 Property, Stock and Business Agents (General) Amendment (Fees and Contributions) Regulation 2001 (2001-126) [GG No 41 of 23.2.2001, p 842] (NSW)

2001 No 126

Property, Stock and Business Agents New South Wales

(General) Amendment (Fees and

Contributions) Regulation 2001

under the

Property, Stock and Business Agents Act 1941

His Excellency the Governor, with the advice of the Executive Council, has made the following Regulation under the Property, Stock and Business Agents Act 1941.

JOHN WATKINS, M.P., Minister for Fair Trading

Explanatory note
The objects of this Regulation are:

(a)	to increase the fees and contributions in relation to licences payable under the Property, Stock and Business Agents Act 1941 by real estate agents, stock and station agents, business agents, strata managing agents, community managing agents and on-site residential property managers, and
(b)	to increase the contributions payable under that Act by licensed conveyancers to the Property Services Compensation Fund.

This Regulation is made under the Property, Stock and Business Agents Act 1941, including section 92 (the general regulation-making power).

Published in Gazette No 41 of 23 February 2001, page 842	Page 1
[4]
2001 No 126
Clause 1	Property, Stock and Business Agents (General) Amendment (Fees and Contributions) Regulation 2001

Property, Stock and Business Agents (General)
Amendment (Fees and Contributions) Regulation
2001

1     Name of Regulation

This Regulation is the Property, Stock and Business Agents (General)

Amendment (Fees and Contributions) Regulation 2001.

2 Commencement

This Regulation commences on 31 March 2001.

3 Amendment of Property, Stock and Business Agents (General)

Regulation 1993

The Property, Stock and Business Agents (General) Regulation 1993 is amended as set out in Schedule 1.

4 Notes

The explanatory note does not form part of this Regulation.

2001 No 126

Property, Stock and Business Agents (General) Amendment (Fees and

Contributions) Regulation 2001

Amendments	Schedule 1
Schedule 1	Amendments

(Clause 3)

[1]     Clause 7 Issue of duplicate licences and certificates

Omit “$29” from clause 7 (1). Insert instead “$30”.

[2]     Clause 42 Fees payable under the Act

Omit the Table to the clause. Insert instead:

Table

Provision	Fee
Section 23 (2) (d)	In the case of an application for an on-site residential property manager’s licence:

$204	(application fee)
$51	(contribution)

In any other case:

$612	(application fee)
$153	(contribution)

Section 23A (1) (b)

$59

(late fee to accompany:

(a)	an application for restoration of an expired licence, or
(b)	any number of applications made at the same time for restoration of expired licences of different classes held by the same person,

regardless of the term for which
the licence is being renewed)

Section 30 (2)

$24

Section 57 (6) and (9) (c)

$59

Section 57 (12)

$30

Section 58 (2)

$24

Section 59 (5)

$1

2001 No 126

Property, Stock and Business Agents (General) Amendment (Fees and

Conributions) Regulation 2000

Schedule 1 Amendments

[3]    Clause 44A Compensation Fund contribution by licensed conveyancers

Omit “$135”. Insert instead “$144”.

BY AUTHORITY