This article is from the Australian Property Journal archive
THE Victorian government has launched the consumer property law review to tackle misconduct by real estate agents, conveyancers and owners’ corporation managers.
This is the first public stage in a wide-ranging review of consumer property laws, including the Sale of Land Act 1962, Estate Agents Act 1980, Conveyancers Act 2006 and Owners Corporations Act 2006.
Minister for Consumer Affairs, Gaming and Liquor Regulation Jane Garrett said issues raised for discussion in the paper include the licensing and conduct of estate agents and conveyancers, including addressing poor conduct and those who should be excluded from holding a licence.
Public submissions are also sought on topics including training and experience requirements for estate agents and conveyancers, trust accounting requirements, the role of property managers and the conduct of owners corporation managers.
The issues paper, Consumer Property Acts Review Issues Paper No. 1: Conduct and institutional arrangements: estate agents, conveyancers and owners corporation managers is the first of three to be released in the next few months.
The subsequent papers will cover issues relating to the management of owners corporations and the sale of land in the state.
“This review will give all Victorians a say in how consumer property laws can be improved to meet the needs of the modern market.
“It examines a number of key issues including the conduct of licensed practitioners involved in the sale of land, real estate transactions and the management of owners corporations,” Garrett said.
Australian Property Journal
