May 2023 Newsletter

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May 2023 Newsletter

5 May 2023

Newsletter snapshot:

  • Site-wide Mother’s Day discount code!

  • Industry updates: NSW Fair Trading's recommendations for the handling of personal information and tenancy applications, Changes to NSW CPD for 2023-2024.

  • Disciplinary action: Unlicensed individual acting as WA agent ordered to pay over $23,000 in fines and costs.

  • Legislative changes: Rent increase limits and minimum housing standards for Queensland tenancies.

  • Important reminder: ACT CPD due 30 June 2023 for licence holders.

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ACT rental reforms set out minimum energy efficiency standard for ceiling insulation

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ACT rental reforms set out minimum energy efficiency standard for ceiling insulation

31 March 2023

The ACT Government has published further detail on how the ACT tenancy reforms due to commence on 1 April 2023 will provide greater comfort to tenants, literally. A media release published earlier today states that “rental homes across the ACT will now have to meet a minimum energy efficiency standard for ceiling insulation which will help keep Canberra homes comfortable, safe and energy efficient”.

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ACT tenancy reforms to commence on 1 April 2023

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ACT tenancy reforms to commence on 1 April 2023

22 March 2023

In late 2022, the ACT Government announced plans to make changes to the current Residential Tenancies Act 1997 (the Act). In a media release this week, it has been confirmed that changes to tenancy legislation for the Territory will include:

  • The removal of ‘no cause’ evictions,

  • Prohibiting landlords and agents from asking for or encouraging rent bids,

  • Allowing tenants greater freedom to grow their own food and to compost, and

  • Creating a framework to support the future introduction of minimum housing standards for rental properties.

The changes are due to commence on 1 April 2023.

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March 2023 Newsletter

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March 2023 Newsletter

8 March 2023

Newsletter snapshot:

  • Site-wide discount code!

  • Industry updates: WA agents may have their say on changes to real estate CPD, NSW Fair Trading inspectors to crack down on breaches in new rental bidding requirements.

  • Disciplinary action: Former WA real estate agent fined for personal use of trust account funds, Victorian estate agent has licence cancelled for various breaches.

  • Legislative changes: ACT Government announces plans to change property developer legislation.

  • Important dates: NSW CPD due 22 March, WA trust account audit reports due 31 March, NSW assistant agents - are you on track to complete your licence training?

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Are you an ACT agent who deals with developers? Have your say on developer regulation

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Are you an ACT agent who deals with developers? Have your say on developer regulation

7 February 2023

Are you an agent in the ACT who deals with property developers? As key property industry stakeholders, real estate agents bring valuable community insight and perspective when it comes to new property developments.

The ACT Government has announced in a recent media release that they have opened consultation with the community to ask for its views on a discussion paper that considers a range of issues and proposes different options for developer regulation.

The discussion paper looks at a range of approaches to improving the accountability of developers and providing consumers with greater information about developments and the developers behind them.

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January 2023 Newsletter

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January 2023 Newsletter

9 January 2023

Newsletter snapshot:

  • Site-wide discount code!

  • Legislative changes: ACT Government to ban no-cause evictions in residential tenancies, NSW Government bans solicited rent bidding.

  • Industry updates: Attention NSW stockies: Minister for Agriculture announces funding for key stakeholders to implement electronic stock ID.

  • Reminders: NSW CPD due 22 March.

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ACT residential tenancy law reform: Ending no-cause evictions and rent bidding

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ACT residential tenancy law reform: Ending no-cause evictions and rent bidding

5 December 2022

Changes are coming to the current ACT residential tenancy legislation, the Residential Tenancies Act 1997 (the Act).

The Residential Tenancies Legislation Amendment Bill 2022 (the Bill) was introduced to the ACT Legislative Assembly on 30 November 2022.

The Bill proposed to:

  • End no-cause evictions and introduce new ‘with cause’ termination provisions to support landlords to manage their properties

  • Restrict solicited rent bidding

  • Allow tenants greater freedom to grow their own food and compost

  • Create a framework to support the introduction of minimum housing standards for rental properties.

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Trust account audits due 30 September: NSW, the ACT, Tasmania, Victoria

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Trust account audits due 30 September: NSW, the ACT, Tasmania, Victoria

31 August 2022

Trust account audit procedures differ depending on the state or territory in which you operate. These requirements are set out in property legislation, with each regulatory body often outlining and summarising trust account obligations online via their websites.

Trust account audit guidelines exist to ensure that trust money held by agents is properly managed and can be accurately accounted for at all times. Serious penalties may be incurred by agents for the misuse of a client’s money, including heavy fines and imprisonment.

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New courses available for the ACT!

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New courses available for the ACT!

13 July 2022

On 1 July 2022, the ACT government introduced changes to the regulation of the real estate industry.

The reforms include changes to:

  • licence and registration categories

  • qualification and experience requirements for licences and registrations, and

  • restrictions on the activities each licence and registration group can undertake.

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New laws: Property industry reforms in the ACT

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New laws: Property industry reforms in the ACT

9 June 2022

From 1 July 2022, the ACT government will be introducing changes to the regulation of the real estate industry.

The reforms will include changes to:

  • licence and registration categories

  • qualification and experience requirements for licences and registrations, and

  • restrictions on the activities each licence and registration group can undertake.

Come 1 July 2022, the College will be releasing ACT legislation-based courses in line with the new training requirements, to help students ease into the reforms and ensure they are compliant with their educational requirements as outlined by Access Canberra.

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An important update for students yet to complete their ACT course (CPP07 Property Services Training Package)

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An important update for students yet to complete their ACT course (CPP07 Property Services Training Package)

1 June 2022

An important update for students yet to complete their ACT course (CPP07 Property Services Training Package)

This update does not apply to you if you have already completed your ACT CPP07 course (e.g. units with ‘CPPDSM’ unit code).

This update is important if you have not yet completed your ACT course.

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