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In a bid to slash property industry red tape, commerce minister Troy Buswell has said fewer licensing and advisory boards will now govern the industry.
The Real Estate and Business Agents Supervisory Board; the Settlement Agents Supervisory Board; and the Land Valuers Licensing Board will be abolished by 1 July 2011.
A smaller committee of industry and consumer representatives would be formed so that the property industry had a more streamlined process for input to government.
“I would like to sincerely thank the members of all of the old boards for their significant contribution in time and effort,” Mr Buswell said.
“Reducing the number of Consumer Protection boards will reduce costs but more importantly, it will also cut duplication which will be better for all stakeholders.
“When a single regulator is responsible and accountable for dealing with issues there is also less red tape and issues are less likely to fall through the cracks.”
Legislation to implement these reforms is likely to be introduced into state parliament by the end of 2010.
Under the new regime, licensing and regulatory functions would be managed by the Commissioner of Consumer Protection and employing authority and financial responsibility would be handled by the director general of the Department of Commerce.
The changes would position the local property industry for the national harmonisation of licensing, standards and regulatory arrangements of property agents under the National Occupational Licensing system which is expected to begin on 1 July 2012.
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