Conveyancing license act

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Information on applying for a trade-based licence or to register to work with vulnerable people in Tasmania. Get a licence or have your interstate licence or registration recognised. Skip to content Skip to main navigation. A Tasmanian licence is required to undertake prescribed work or a licensed occupation.

Conveyancer licence. Conducting a conveyancing business. Discipline and enforcement. Trust accounts and audit requirements. Unclaimed trust money. Share this page Facebook Twitter Linkedin Email. Related information and links Apply for a individual licence Apply for a corporate licence. To be eligible for a licence, you must: be at least 18 years old be a fit and proper person to hold a licence hold an appropriate qualification not be a disqualified person contribute to the Compensation Fund paid with the licence application fee.

Qualifications The qualifications for a licence approved by the Minister for Fair Trading are set out in the Conveyancers Licensing Order Professional indemnity insurance Licensed conveyancers must be covered by a policy of professional indemnity insurance when they work.

Applying for a licence Go to the individual licences page or the corporation licences page for information about applying for a new licence or renewing or restoring an existing licence, including application fees, forms and compensation fund contributions. Licence period From 1 July , conveyancers will have the option of applying for a 1, 3 or 5 year licence. Division 2 Payment of trust money into trust account.

Subst No 33, Sch 1 [18]. Am No 5, Sch 2. Section 90 of the Property and Stock Agents Act provides for interest earned on trust accounts to be paid to the Statutory Interest Account. Section 91 requires authorised deposit-taking institutions to notify the Secretary of certain matters with respect to trust accounts kept with the institution, including the number of trust accounts opened with the institution during a month and the names of the licensees who opened the accounts.

Division 3 Responsibilities of authorised deposit-taking institutions. Division 4 Unclaimed trust money. Am No 25, Sch 1. Division 5 Information about trust accounts or transactions. Part 6 Records. Division 1 Keeping and inspection of records. Division 3 Freezing of accounts. Maximum penalty— penalty units or imprisonment for 12 months, or both.

Part 7 Claims arising from failure to account. Part 8 Management and receivership. Operating Account means the Office of Fair Trading Operating Account or a departmental account prescribed by the regulations for the purposes of this definition.

Division 2 Management. Section 14 b and c provide for the grant of licences subject to conditions prohibiting the licensee from carrying out conveyancing work in relation to specific kinds of transaction or except in relation to specified kinds of transaction. Division 3 Receivership. Amended by Act 22 of Amended by Act 21 of Amended by Act 3 of Amended by Act 7 of Amended by Act 42 of Amended by Act 45 of Amended by Act 25 of Amended by Act 27 of Amended by Act 35 of