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Remake of the Estate Agents Regulations

Remake of the Estate Agents Regulations

By Commercial Law Section

Advocacy Disclosure Legislation 


The Law Institute of Victoria has provided input to Consumer Affairs Victoria in relation to the remake of the Estate Agents (General, Accounts and Audit) Regulations 2008 (the Regulations). 

The LIV's submission calls for a defining of the 'current accounting period', supports the increasing of the total price from $350,000 to $500,000 for the 'small business' definition in the Section 52 Statement however notes that for the purpose of the 'small business' definition under the Estate Agents Act 1980, a total price between $200,000 and $500,000 'may be prescribed' and submits an additional query in this regard.

The LIV also makes specific query to the purpose to the reference to the Liquor Control Reform Act 1998 as well as additional comments on disclosure statements on assignments of retail leases.  

Read the submission here (PDF).


Commercial Law Section


P: (03) 9607 9311


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