What is Regulatory Compliance?

Legislation and
Compliance

Learning Activity Workbook
Real Estate Institute of NSW – RTO 90117
Phone [phone] Email [e-mail]

Introduction........................................................................................................... 4
Learning Activity 1.......................................................................................... 5
Learning Activity 2.......................................................................................... 7
Learning Activity 3.......................................................................................... 8
Learning Activity 4.......................................................................................... 9
Learning Activity 5........................................................................................ 10
Learning Activity 6........................................................................................ 11
Learning Activity 7........................................................................................ 12
Learning Activity 8........................................................................................ 13
Learning Activity 9........................................................................................ 14
Learning Activity 10...................................................................................... 15
Learning Activity 11...................................................................................... 16
Learning Activity 12...................................................................................... 18
Learner Declaration.......................................................................................... 19

Introduction
This workbook contains activities for the unit(s) of competency:
CPPREP4003 Access and interpret legislation in real estate
CPPREP4005 Prepare to work with real estate trust accounts
for more information on the units of competency go to www.training.gov.au.
The learning activities workbook has been designed to enable you to gain an
understanding of the application of the learning you are undertaking.
Each activity is linked to the information contained in the Learner Guide and is a
foundation for the questions in the final assessment. Please follow the instructions
from your trainer to complete the activities.
Some of the activities may be done in class and other activities are a reflection of
your understanding of the course content and will be done in your own time.
These activities form part of the overall assessment of the unit(s) in this cluster.
Once you have completed the workbook you will need to scan and upload to your
learning portal. There are several apps for your mobile phone that will allow you to
scan all the pages into one document, (please do not upload individual pages).
If you have any difficulty in answering the questions or need further clarification,
please speak with your trainer.
REINSW recognises the individual needs of each learner and will provide reasonable
adjustment if required.
To complete this section, type your answer where you see the I insertion symbol.
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Learning Activity 1
1. Find a webpage on how to read legislation and make a summary of the
information found for both Commonwealth and State legislation.
2. Explain the following:
 Common law.
 Contract law.
 Equity law.
3. Statute law.
4. Explain the following:
 Act.
 Regulation.
 Amendment.
 Schedule.
 Appendices.
 Mandatory codes of practice.
Type your answer here
Find a webpage on how to read legislation and make a summary of the
information found for both Commonwealth and State legislation.
Commonwealth legislation was enacted by the Australian government. It can
also be referred to as the Acts of Australian government. The legislation may
be referring and relating to different categories of areas like learning
institutions and other important training programs. These include the
curriculum and also higher education funding. On the other hand, state
legislation contains information that protects the citizens of a particular
country. This means that in this legislation, the rights and responsibilities of
the individuals are properly listed. It also defines the authorities where the
legislation applies.
Explain the following:
 Common law. This is the body of law that has been obtained from
judicial decisions from courts of law and other related tribunals.

 Contract law. It’s referred to as the body of law that is associated in
making and enforcing binding agreements.
 Equity law. This can be referred to the body of law that is related to
provision of remedies. This means that it provided guidelines to be
followed in recovering ones right or driving redress for a wrong done.
 Statute law. These are laws or statutes that have been voted on by the
government itself. This is where the bill is discussed by all the
members of the house and if majority of the members support the bill,
then it becomes a law where its passed.
Explain the following:
 Act. This is a bill that has been approved after going through various
legislative procedures that are laid down to be followed before it
becomes a law.
 Regulation. This can be referred to as the body of rules that have the
support of force of law that has either been stipulated by a top
authority that is associated to the authority’s control status.
 Amendment. This is an official change that may be made in a law
through following steps laid down for a change to happen.
 Schedule. This means a statement in the initial events or proceedings
that has been sent with an accusation that has been returned from a
lower court.
 Appendices. This is referred as number of supplementary information
that has been collected at the end of the contract. It can also be
referred to as a brief of a submission presented in court of law.
Mandatory code of practice. These are a number of written rules that
shows how professionals in a particular field of work should behave themselves
while on duty.