The legislation for trust account is state dependent.
Some states contain the legislation relevant to trust accounting within the Act and Regulations for work in real estate while other state have trust accounting legislation as standalone Acts and Regulations.
VICTORA
The legislation for trust account in Victoria is contained within the Estate Agents Act 1980.
NSW
The legislation for trust accounts in NSW is contained in the Property and Stock Agents Act 2002 and the Property and Stock Agents Regulation 2014.
QLD
The legislation for trust accounts in QLD is The Agents Financial Administration Act 2014 and The Agents Financial Administration Regulations 2014.
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