CPPREP4003 - Legislation Report: Real Estate Industry in NSW
VerifiedAdded on 2022/09/08
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Report
AI Summary
This report analyzes two key pieces of legislation relevant to the real estate industry in New South Wales: the Design and Building Practitioners Act 2019 and the Real Estate Services Council Act 2019. It details the purpose, key components, and potential breaches of each act, including associated penalties. The report explains how to identify the currency of the legislation and outlines the process for addressing discrepancies in its application. The Design and Building Practitioners Act focuses on definitions, building work, regulated designs, building practitioners, and compliance declarations. Breaches include failures in design compliance declarations, with penalties ranging from 500 to 1500 penal units. The Real Estate Services Council Act establishes the roles and functions of the Real Estate Services Council, addressing breaches such as the disclosure of information and misconduct by licensees, with penalties including administrative penalties. The report uses the NSW legislation website as a resource.
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