- What are the consequences of breaching legislation in Australia?
- What penalties may be applied under legislation for breach of contract or negligence Vic?
- What are the types of breach of contract?
- What happens if you breach the Health and Safety Act?
- Why is it important to continually prospect for new listings?
- Which legislation applies to the real estate industry?
- Why is CPD required?
- What are the penalties for breaching the Health and Safety at Work Act?
- Who is able to provide the mandatory topics of CPD?
- What are the 5 laws covering anti discrimination in Australia?
- What are the remedies of breach of contract?
- What are the consequences of not following legislation?
- What are the CPD requirements?
- What penalties may be applied under legislation for breach of contract?
- What is the meaning of breach of contract?
- What are the consequences of non compliance?
- Is CPD mandatory?
- What are the possible consequences for breaching the Privacy Act?
- What are the consequences of breaching duty of care?
- What 3 elements must a breach of contract claim?
- What are the key principles of consumer protection and fair trading?
What are the consequences of breaching legislation in Australia?
Australian Consumer Law.
The maximum penalties per breach of the ACL including unconscionable conduct, making false or misleading representations, and supplying consumer goods or certain services that do not comply with safety standards or which are banned: For corporations, will be the greater of: $10 000 000..
What penalties may be applied under legislation for breach of contract or negligence Vic?
Section 55 of the Estate Agents Act 1980 (Vic) (the Act) makes it a criminal offence for an agent (or their employees, family members or other related people) to buy a property or business listed or commissioned for sale with their agency. The penalty includes 240 penalty units, imprisonment for two years or both.
What are the types of breach of contract?
The breaches in contract normally fall into any of four categories: minor, material, fundamental (repudiatory), and anticipatory.A minor breach of contract. … A material breach of contract. … A fundamental breach of contract. … An anticipatory breach of contract. … Repudiation. … Damages. … Specific performance.
What happens if you breach the Health and Safety Act?
Breaching health and safety regulations is a criminal offence. Companies have a common law duty to ensure the working environment is safe for employees. By not doing so, you can face consequences, including fines or prison sentences.
Why is it important to continually prospect for new listings?
Effective prospecting helps an agent to ensure they always have a steady stream of client listings. It’s important to have the discipline to prospect regularly. Agents that spend all their time only focusing on their listings are likely to find they’ll soon run out of properties to sell.
Which legislation applies to the real estate industry?
Real Property Act 1900 (NSW) Real Property Regulation 2019. Residential Tenancies Act 2010 (NSW)
Why is CPD required?
CPD ensures that you maintain and enhance the knowledge and skills you need to deliver a professional service to your customers, clients and the community. CPD ensures that you and your knowledge stay relevant and up to date. … Focused CPD opens you up to new possibilities, new knowledge and new skill areas.
What are the penalties for breaching the Health and Safety at Work Act?
Sentencing health and safety offences The maximum penalty for failure by an employer to comply with a general duty imposed by HSWA 1974, ss 2–7 on summary conviction is six months imprisonment or an unlimited fine or both. On indictment, the maximum penalty is two years imprisonment or a fine or both.
Who is able to provide the mandatory topics of CPD?
A class 1 or class 2 licence holder may choose to undertake their elective CPD from any provider that delivers training in: Property practice (sales and property management, strata and community management, stock and station agency, business sale or business broking, commercial and industrial property)
What are the 5 laws covering anti discrimination in Australia?
The Australian Human Rights Commission has statutory responsibilities under the Age Discrimination Act 2004, Australian Human Rights Commission Act 1986, Disability Discrimination Act 1992, Racial Discrimination Act 1975, and the Sex Discrimination Act 1984. …
What are the remedies of breach of contract?
The five types of remedies for breach of contract are:Money damages;Restitution;Rescission;Reformation; and.Specific Performance.
What are the consequences of not following legislation?
Failure to comply with these requirements can have serious consequences – for both organisations and individuals. Sanctions include fines, imprisonment and disqualification. See also the advice on the Corporate Manslaughter and Corporate Homicide Act 2007.
What are the CPD requirements?
CPD requirements for membersAll members must undertake a minimum of 20 hours CPD each calendar year (January to December).Of the 20 hours at least 10 hours must be formal CPD. … All members must maintain a relevant and current understanding of our professional and ethical standards during a rolling three-year period.More items…
What penalties may be applied under legislation for breach of contract?
monetary penalty – impose a fine of no more than $11,000 for an individual, and $22,000 for a corporation. licence condition – impose a condition on the licence/certificate, for example, a condition that prevents the holder from performing certain functions.
What is the meaning of breach of contract?
A breach of contract occurs when one party in a binding agreement fails to deliver according to the terms of the agreement. A breach of contract can happen in both a written and an oral contract. The parties involved in a breach of contract may resolve the issue among themselves, or in a court of law.
What are the consequences of non compliance?
The consequences of non-compliance are not limited to statutory or legal penalties- the indirect costs to a company are often more significant. These include the inconvenience and cost of righting a mistake, damage to the company’s reputation or credit rating, and even possible loss of contracts.
Is CPD mandatory?
CPD is an essential element in ensuring high-standards and is a mandatory requirement in professional registration systems. It demonstrates that professionals are continuing to develop their knowledge and competence.
What are the possible consequences for breaching the Privacy Act?
This significant increment means that the maximum fines for breaches under the Spam Act could amount to $2.1 million per breach, per day. As for breaches under the Privacy Act, the maximum fine has increased from $360,000 to $420,000.
What are the consequences of breaching duty of care?
When a duty of care is owed to a person, and it is breached resulting in injury or damage, the injured person can sue the person who breached the duty of care for damages, which can include: Compensation for pain and suffering, and loss of enjoyment of life caused by physical injury, psychological injury or both.
What 3 elements must a breach of contract claim?
2006) (“The elements of a breach of contract claim are: (1) the existence of a valid contract; (2) the plaintiff’s performance or tendered performance; (3) the defendant’s breach of the contract; and (4) damages as a result of the breach.”)
What are the key principles of consumer protection and fair trading?
key principles of consumer protection and privacy legislation. legislative limitations on agency practice. licensing requirements for estate agents. nature of trust funds and key legislative controls on trust funds.