Western Australian Consolidated Acts Western Australian Consolidated Acts1 This is a compilation of the Settlement Agents
Act 1981 and includes the amendments made by the other written laws
referred to in the following table. The table also contains information about
any reprint.
|
Short title |
Number and year |
Assent |
Commencement |
|---|---|---|---|
|
33 of 1981 |
26 May 1981 |
1 Jul 1981 (see s. 2 and Gazette
26 Jun 1981 p. 2285) |
|
|
10 of 1982 |
14 May 1982 |
1 Jul 1982 (see s. 2(1) and
Gazette 25 Jun 1982 p. 2079) |
|
|
Settlement Agents Amendment
Act 1982 |
64 of 1982 |
19 Oct 1982 |
19 Oct 1982 |
|
Acts Amendment (Financial Administration and Audit)
Act 1985 s. 3 |
98 of 1985 |
4 Dec 1985 |
1 Jul 1986 (see s. 2 and Gazette
30 Jun 1986 p. 2255) |
|
State Government Insurance Commission Act 1986
s. 46(2) |
51 of 1986 |
5 Aug 1986 |
1 Jan 1987 (see s. 2 and Gazette
19 Dec 1986 p. 4859) |
|
Acts Amendment (Legal Practitioners, Costs and Taxation)
Act 1987 Pt. XVI |
65 of 1987 |
1 Dec 1987 |
12 Feb 1988 (see s. 2(2) and Gazette
12 Feb 1988 p. 397) |
|
R & I Bank Act 1990
s. 45(1) |
73 of 1990 |
20 Dec 1990 |
1 Jan 1991 (see s. 2(2) and Gazette
28 Dec 1990 p. 6369) |
|
Acts Amendment (Public Sector Management) Act 1994
s. 3(2) |
32 of 1994 |
29 Jun 1994 |
1 Oct 1994 (see s. 2 and Gazette
30 Sep 1994 p. 4948) |
|
Statutes (Repeals and Minor Amendments) Act 1994
s. 4 |
73 of 1994 |
9 Dec 1994 |
9 Dec 1994 (see s. 2) |
|
Business Licensing Amendment Act 1995
Pt. 9 |
56 of 1995 |
20 Dec 1995 |
1 Jul 1996 (see s. 2(2) and
Gazette 1 Jul 1996 p. 3179) |
|
Strata Titles Amendment Act 1995
s. 98 |
58 of 1995 |
20 Dec 1995 |
14 Apr 1996 (see s. 2 and Gazette
15 Mar 1996 p. 981) |
|
Real Estate Legislation Amendment Act 1995
Pt. 4 6 |
59 of 1995 |
20 Dec 1995 |
1 Jul 1996 (see s. 2 and Gazette
25 Jun 1996 p. 2902) |
|
Local Government (Consequential Amendments) Act 1996
s. 4 |
14 of 1996 |
28 Jun 1996 |
1 Jul 1996 (see s. 2) |
|
Reprint of the Settlement Agents Act 1981 as
at 23 Sep 1996 (includes amendments listed above) |
|||
|
Settlement Agents Amendment
Act 1996 |
62 of 1996 |
11 Nov 1996 |
s. 1 and 2: 11 Nov 1996; |
|
Transfer of Land Amendment Act 1996
s. 153(1) and (2) |
81 of 1996 |
14 Nov 1996 |
14 Nov 1996 (see s. 2(1)) |
|
Acts Amendment (Land Administration) Act 1997
s. 141 |
31 of 1997 |
3 Oct 1997 |
30 Mar 1998 (see s. 2 and Gazette
27 Mar 1998 p. 1765) |
|
Acts Amendment and Repeal (Financial Sector Reform)
Act 1999 s. 102 |
26 of 1999 |
29 Jun 1999 |
1 Jul 1999 (see s. 2(1) and
Gazette 30 Jun 1999 p. 2905) |
|
Real Estate Legislation (Fidelity Guarantee Funds)
Amendment Act 2000 Pt. 3 3 |
3 of 2000 |
12 Apr 2000 |
12 Apr 2000 (see s. 2) |
|
Reprint of the Settlement Agents Act 1981 as
at 3 Nov 2000 (includes amendments listed above) |
|||
|
Corporations (Consequential Amendments) Act 2001
s. 220 and 222 |
10 of 2001 |
28 Jun 2001 |
15 Jul 2001 (see s. 2 and Gazette
29 Jun 2001 p. 3257 and Cwlth. Gazette
13 Jul 2001 No. S285) |
|
Corporations (Consequential Amendments) Act
(No. 3) 2003 Pt. 13 7 |
21 of 2003 |
23 Apr 2003 |
11 Mar 2002 (see s. 2 and Cwlth.
Gazette 24 Oct 2001 No. GN42) |
|
Acts Amendment (Equality of Status) Act 2003
Pt. 53 |
28 of 2003 |
22 May 2003 |
1 Jul 2003 (see s. 2 and Gazette
30 Jun 2003 p. 2579) |
|
Acts Amendment and Repeal (Courts and Legal Practice)
Act 2003 s. 66 |
65 of 2003 |
4 Dec 2003 |
1 Jan 2004 (see s. 2 and Gazette
30 Dec 2003 p. 5722) |
|
Statutes (Repeals and Minor Amendments) Act 2003
s. 109 |
74 of 2003 |
15 Dec 2003 |
15 Dec 2003 (see s. 2) |
|
Courts Legislation Amendment and Repeal Act 2004
s. 141 |
59 of 2004 |
23 Nov 2004 |
1 May 2005 (see s. 2 and Gazette
31 Dec 2004 p. 7128) |
|
State Administrative Tribunal (Conferral of Jurisdiction)
Amendment and Repeal Act 2004
Pt. 2 Div. 118 8 |
55 of 2004 |
24 Nov 2004 |
1 Jan 2005 (see s. 2 and Gazette
31 Dec 2004 p. 7130) |
|
Criminal Procedure and Appeals (Consequential and Other
Provisions) Act 2004 s. 80 and 82 |
84 of 2004 |
16 Dec 2004 |
2 May 2005 (see s. 2 and Gazette
31 Dec 2004 p. 7129 (correction in Gazette
7 Jan 2005 p. 53)) |
|
Reprint 3: The Settlement Agents Act 1981 as
at 8 Jul 2005 (includes amendments listed above) |
|||
|
Oaths, Affidavits and Statutory Declarations
(Consequential Provisions) Act 2005 s. 63 |
24 of 2005 |
2 Dec 2005 |
1 Jan 2006 (see s. 2 and Gazette
23 Dec 2005 p. 6244) |
|
Planning and Development (Consequential and Transitional
Provisions) Act 2005 s. 15 |
38 of 2005 |
12 Dec 2005 |
9 Apr 2006 (see s. 2 and Gazette
21 Mar 2006 p. 1078) |
|
60 of 2006 |
16 Nov 2006 |
1 Jan 2007 (see s. 2(1) and Gazette
8 Dec 2006 p. 5369) |
|
|
Consumer Protection Legislation Amendment and Repeal
Act 2006 Pt. 11 |
69 of 2006 |
13 Dec 2006 |
14 Jul 2007 (see s. 2 and Gazette
13 Jul 2007 p. 3453) |
|
Financial Legislation Amendment and Repeal
Act 2006 Sch. 1 cl. 156 |
77 of 2006 |
21 Dec 2006 |
1 Feb 2007 (see s. 2(1) and Gazette
19 Jan 2007 p. 137) |
|
Reprint 4: The Settlement Agents Act 1981 as
at 25 May 2007 (includes amendments listed above except those in
the Consumer Protection Legislation Amendment and Repeal
Act 2006) |
|||
|
Duties Legislation Amendment Act 2008
Sch. 1 cl. 34 |
12 of 2008 |
14 Apr 2008 |
1 Jul 2008 (see s. 2(d)) |
|
Legal Profession Act 2008
s. 704 |
21 of 2008 |
27 May 2008 |
1 Mar 2009 (see s. 2(b) and Gazette
27 Feb 2009 p. 511) |
|
Statutes (Repeals and Miscellaneous Amendments)
Act 2009 s. 117 |
8 of 2009 |
21 May 2009 |
22 May 2009 (see s. 2(b)) |
|
Acts Amendment (Bankruptcy) Act 2009
s. 80 |
18 of 2009 |
16 Sep 2009 |
17 Sep 2009 (see s. 2(b)) |
|
Statutes (Repeals and Minor Amendments) Act 2009
s. 15 |
46 of 2009 |
3 Dec 2009 |
4 Dec 2009 (see s. 2(b)) |
|
Reprint 5: The Settlement Agents Act 1981 as
at 26 Mar 2010 (includes amendments listed above) |
|||
|
Credit (Commonwealth Powers) (Transitional and
Consequential Provisions) Act 2010 s. 79 |
14 of 2010 |
25 Jun 2010 |
1 Jul 2010 (see s. 2(b) and Gazette 30
Jun 2010 p. 3185) |
|
19 of 2010 |
28 Jun 2010 |
11 Sep 2010 (see s. 2(b) and Gazette
10 Sep 2010 p. 4341) |
|
|
Public Sector Reform Act 2010
s. 89 |
39 of 2010 |
1 Oct 2010 |
1 Dec 2010 (see s. 2(b) and Gazette
5 Nov 2010 p. 5563) |
|
Acts Amendment (Fair Trading) Act 2010 Pt.
7 |
58 of 2010 |
8 Dec 2010 |
1 Jul 2011 (see s. 2(c) and Gazette
7 Jun 2011 p. 2057) |
|
Personal Property Securities (Consequential Repeals and
Amendments) Act 2011 Pt. 4 Div. 8 |
42 of 2011 |
4 Oct 2011 |
30 Jan 2012 (see s. 2(c) and Cwlth
Legislative Instrument No. F2011L02397 cl. 5 registered 21 Nov
2011) |
|
Reprint 6: The Settlement Agents Act 1981 as
at 11 Nov 2011 (includes amendments listed above except those in the
Personal Property Securities (Consequential Repeals and Amendments)
Act 2011) |
|||
|
Business Names (Commonwealth Powers) Act 2012
Pt. 4 Div. 4 |
6 of 2012 |
10 Apr 2012 |
28 May 2012 (see s. 2(c) and Cwlth
Gazette 19 Apr 2012 ref. F2012L00891) |
2 The appointed day is 1 Nov 1982, see Gazette
29 Oct 1982 p. 4322.
3 The Real Estate Legislation (Fidelity Guarantee Funds)
Amendment Act 2000 s. 7(2) and (3) read as follows:
(2) A person may give notice of a claim under section 93(2) as
amended by this section even if the time within which that notice was to be
given under that section before that amendment had expired.
(3) Where a person may give notice of a claim under section 93(2) as
amended by this section, notice of the claim given by the person previously in
writing to the Board (whether or not dealt with by the Board) is to be taken to
be notice of the claim for the purposes of that section.
4 Repealed by the Real Estate and Business Agents
Act 1978 s. 5.
5 Repealed by the Land Administration Act 1997
s. 281.
6 The Real Estate Legislation Amendment Act 1995
s. 65(2) and 87 are saving and transitional provisions that are of no
further effect.
7 The Corporations (Consequential Amendments) Act
(No. 3) 2003 s. 2-4 contain validation provisions for certain
acts and omissions occurring before 23 Apr 2003.
8 The State Administrative Tribunal (Conferral of
Jurisdiction) Amendment and Repeal Act 2004 Pt. 5, the State
Administrative Tribunal Act 2004 s. 167 and 169, and the State
Administrative Tribunal Regulations 2004 r. 28 and 42 deal with
certain transitional issues some of which may be relevant for this
Act.
Defined
Terms
[This is a list of terms defined and
the provisions where they are defined. The list is not part of the
law.]
Defined
Term Provision(s)
Account 3(1)
agent 49(5b)
appointed
day 3(1), 26(2)
approved 3(1)
auditor 3(1)
authorised financial
institution 48
Authority Sch. 2 cl. 1(1)(a)
bank 3(1)
bank
account 48
banker 48
body corporate 36(3)
business 3(1)
business
day 48
business licence Sch. 1 cl. 6
business settlement
agent 3(1)
business transaction 3(1)
code of
conduct 3(1)
commencement day 124
Commissioner 3(1)
defalcation by a
licensee 3(1)
department 3(1)
discharge of mortgage 46(7)
Fidelity
Guarantee Account 3(1)
fidelity guarantee fee 3(1)
fit and
proper 27(2)
former Board 124
former Registrar 124
General Purpose
Account 3(1)
Interest Account 3(1)
land 3(1)
legal
practitioner 3(1)
liability 124
licence 3(1)
licensed 3(1)
licensee 3(1)
person
aggrieved 23(2)
prescribed financial market 36(4)
real estate 3(1)
real
estate settlement agent 3(1)
real estate
transaction 3(1)
renewal 3(1)
request 49A(7)
reviewable
decision 23(2)
reward 3(1)
right 124
separate
account 48
settlement 3(1)
settlement agent 3(1), 4(1),
73(5)(b)
settlement agents’ code of
conduct 3(1)
specified 135(6)
supervisor 3(1)
transaction 3(1)
transitional
matter 135(2)
Treasurer 3(1)
Treasury 3(1)
triennial
certificate 3(1)
trust account 73(5)(a)
trust accounts 48
trustee
company 3(1)
vendor 49(5b)
year 48