Legislation changes - affecting settlement agents: Settlement agents bulletin Issue 71 (June 2017)
30 June 2017
Changes which affect settlement agents
The Licensing Provisions Amendment Act 2016 will take effect on 1 July 2017. It amends a number of industry Acts in Western Australia, including the Settlement Agents Act 1981 (Act).
The amendments to the Act will:
- remove the requirement for an applicant under the Act to verify the content of an application by way of a statutory declaration; and
- insert a new offence provision for a person who gives false or misleading information on a licensing application or renewal. Contravention can result in a fine of up to $20,000.
The amended Act will be available from the State Law Publisher’s website after the amendments go live.
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