Property, Stock and Business Agents (General) Amendment (Fees and Contributions) Regulation 2002 (NSW)
2002 No 91
| Property, Stock and Business Agents | New South Wales |
(General) Amendment (Fees and
Contributions) Regulation 2002
under the
Property, Stock and Business Agents Act 1941
Her 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 AQUILINA, 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 power to make regulations).
| Published in Gazette No 48 of 22 February 2002, page 994 | Page 1 |
| [4] | |
| 2002 No 91 | |
| Clause 1 | Property, Stock and Business Agents (General) Amendment (Fees and Contributions) Regulation 2002 |
Property, Stock and Business Agents (General)
Amendment (Fees and Contributions)
Regulation 2002
Name of Regulation
This Regulation is the Property, Stock and Business Agents (General)
Amendment (Fees and Contributions) Regulation 2002.
2 Commencement
This Regulation commences on 31 March 2002.
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.
2002 No 91
Property, Stock and Business Agents (General) Amendment (Fees and
Contributions) Regulation 2002
| Amendments | Schedule 1 |
| Schedule 1 | Amendments |
(Clause 3)
Clause 7 Issue of duplicate licences and certificates
Omit “$30” from clause 7 (1). Insert instead “$31”.
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:
$210 (application fee) $51 (contribution) In any other case:
$630 (application fee) $153 (contribution)
Section 23A (1) (b) $61 (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) $25 Section 57 (6) and (9) (c) $61 Section 57 (12) $31 Section 58 (2) $25 Section 59 (5) $1
2002 No 91
Property, Stock and Business Agents (General) Amendment (Fees and
Contributions) Regulation 2002
| Schedule 1 | Amendments |
Clause 44A Compensation Fund contribution by licensed conveyancers
Omit “$144”. Insert instead “$147”.
BY AUTHORITY
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