Splitting of the Property Agents and Motor Dealers Act 2000 |
The Property Agents and Motor Dealers Act 2000 (PAMD Act) provides for the licensing and regulation of real estate agents, resident letting agents (letting agents for community titles schemes), pastoral houses (sellers of rural-based livestock, chattels and property), property developers, motor dealers, auctioneers and commercial agents (predominantly debt collectors). It also establishes a claim fund for consumers who suffer financial loss as a result of the conduct of a licensee.
In 2008, the former Service Delivery and Performance Commission (SDPC) reviewed the PAMD Act with the aim of reducing the regulation compliance costs on business without compromising consumer protection.
One of the recommendations to come out of the review was to split the PAMD Act into occupation specific Acts, with requirements relating to the administration of trust accounts to sit in a separate administration Act.
The release of the Property Agents Bill 2010, the Motor Dealers and Chattel Auctioneers Bill 2010, the Commercial Agents Bill 2010 and the Agents Financial Administration Bill 2010 represents the final stage of reforms resulting from that review.
The splitting of the Act will also prepare the way for the Council of Australian Governments´ National Occupational Licensing System (NOLS) in relation to property agents in Queensland.
Copies of the draft Bills and the consultation guide can be accessed via the below links:
- Property Agents Bill 2010
- Motor Dealers and Chattel Auctioneers Bill 2010
- Commercial Agents Bill 2010
- Agents Financial Administration Bill 2010
- Consultation guide.
Submissions closed on 16 September 2010.
Last reviewed 25/03/2011 |
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