(1) Every agency that is an individual who, or a company that, is granted a new licence under section 43 of the Act must notify the Authority of the auditor who is appointed to audit the agency's trust accounts, before that agency receives any money in respect of their first transaction pursuant to that licence.
(2) Every agency that is a partnership formed on or after 17 November 2009, must notify the Authority of the auditor who is appointed to audit that agency's trust accounts, before any agent who is a member of that partnership receives any money in respect of a transaction undertaken as a member of that partnership.
(3) Every notice given under this regulation must—
(4) Every notice given under this regulation must be in writing and signed,—
Regulation 12(3)(c)(i): replaced, on 1 April 2014, by regulation 7 of the Real Estate Agents (Audit) Amendment Regulations 2014 (LI 2014/28).
Regulation 12(3)(c)(ii): revoked, on 1 April 2014, by regulation 7 of the Real Estate Agents (Audit) Amendment Regulations 2014 (LI 2014/28).