s. 70 (1A) The Director may require, by notice in writing, S. 69(1A) any licensed estate agent or any executor, trustee inserted by No. 10028 or administrator of an estate agent to make and s. 42(b), deliver to the Director a statutory declaration as to amended by Nos 86/1994 whether the estate agent held any money for, or on s. 47(zu), behalf of, another person during a period specified 52/1998 s. 99(1), by the Director in the notice. substituted by No. 41/2003 s. 45. (1B) If the Director imposes a requirement on a person S. 69(1B) inserted by under subsection (1A), the person must comply No. 41/2003 s. 45. with the requirement within the time specified by the Director in the notice imposing the requirement. 25 penalty units. S. 69(2) (2) Where the accounts of trust money are kept by a amended by partnership of estate agents an audit of those No. 10028 accounts under section 64, 64A or 64B and the s. 42(c). certificates and report of the auditor thereon shall operate as regards those accounts as an audit certificate and report in relation to each estate agent who is a member of that partnership. Pt 6 Div. 2 Division 2—Monitoring of estate agency business (Heading) inserted by No. 103/2004 s. 40. S. 70 70 Definitions amended by Nos 9902 In this Division— s. 2(1)(Sch. item 82), 9925 includes licensed estate agent and any estate agent s. 5(a)(b), person— 10028 s. 43, 29/1989 (a) whose estate agent's licence has expired ss 11(2), 19(3), 86/1994 ss 35, or has been cancelled; or 47(zu), 52/1998 (b) who is a director or officer of a s. 99(1), 41/2003 s. 46, corporation which is a licensed estate substituted by agent; or No. 103/2004 s. 40.
S. 69(1A) inserted by No. 10028 s. 42(b), amended by Nos 86/1994 s. 47(zu), 52/1998 s. 99(1), substituted by No. 41/2003 s. 45. (1A) The Director may require, by notice in writing, any licensed estate agent or any executor, trustee or administrator of an estate agent to make and deliver to the Director a statutory declaration as to whether the estate agent held any money for, or on behalf of, another person during a period specified by the Director in the notice. S. 69(1B) inserted by No. 41/2003 s. 45. (1B) If the Director imposes a requirement on a person under subsection (1A), the person must comply with the requirement within the time specified by the Director in the notice imposing the requirement. 25 penalty units. S. 69(2) amended by No. 10028 s. 42(c). (2) Where the accounts of trust money are kept by a partnership of estate agents an audit of those accounts under section 64, 64A or 64B and the certificates and report of the auditor thereon shall operate as regards those accounts as an audit certificate and report in relation to each estate agent who is a member of that partnership. Pt 6 Div. 2 (Heading) inserted by No. 103/2004 s. 40. Division 2—Monitoring of estate agency business S. 70 amended by Nos 9902 s. 2(1)(Sch. item 82), 9925 s. 5(a)(b), 10028 s. 43, 29/1989 ss 11(2), 19(3), 86/1994 ss 35, 47(zu), 52/1998 s. 99(1), 41/2003 s. 46, substituted by No. 103/2004 s. 40. 70 Definitions s. 70 In this Division— estate agent includes licensed estate agent and any person— (a) whose estate agent's licence has expired or has been cancelled; or (b) who is a director or officer of a corporation which is a licensed estate agent; or
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