The Minister for Fair Trading, the Hon Matthew Mason – Cox MLC has approved the Property, Stock and Business Agents Regulation 2014, which commenced on 1 September 2014, and replaces the 2003 Regulation.
The 2014 Regulation has been made following public consultation on a Regulatory Impact Statement dealing with options for the 2003 Regulation, as part of the staged repeal process provided for the Subordinate Legislation Act 1989.
A summary table of stakeholders’ comments on the Regulation’s Regulatory Impact Statement (including the draft Regulation) and the Government’s response will shortly be published on the NSW Fair Trading website at www.fairtrading.nsw.gov.au.
A copy of the Property Stock and Business Agents Regulation 2014 can be downloaded here.
A summary of the main changes between the 2003 and 2014 versions of the Regulation can be found here, along with the letter from the Commissioner of NSW Fair Trading to SCA (NSW).