Table 4.57: Current frequency of renewal – for property licences
Assumption
Unit
Value
Source
Current frequency of renewal (i.e. licence period)
NSW
years
1
NSW Fair Trading 2011, Property, stock and business agents fees, www.fairtrading.nsw.gov.au
Vic
years
1
Victorian Business Licensing Authority 2011, Estate agents, www.bla.vic.gov.au
Qld
years
3
Qld Department of Justice and Attorney General 2011, Licensing register, www.fairtrading.qld.gov.au
WA
years
3
WA Real Estate and Business Agents 2011, Licensing fees, www.reba.wa.gov.au
SA
years
1
SA Office of Consumer and Business Affairs 2011, Land agent, wwwr.ocba.sa.gov.au
Tas
years
Perpetual
Real Estate Institute of Tasmania 2011, www.reit.com.au
ACT
years
1
ACT Government, Justice and Community Safety, Forms and fees, www.ors.act.gov.au/business/agents/forms_and_fees
NT
years
1
NT Department of Justice 2011, Real estate licences, www.nt.gov.au/justice/licenreg
Time cost of applying for a licence
The time costs shown in table 4.58 are based on regulator estimates or provided by the Productivity Commission.54
Table 4.58: Time cost of applying for a real estate agent’s licence (individual and company)
Assumptions
Unit
Value
Source
Time cost of applying for a licence – all licences
NSW
Hours per licensee
0.32 hours
(19 minutes)
Productivity Commission 2008, Performance benchmarking of Australian business regulation: cost of business registrations, pp. 147–151
Based on regulator cost estimates for registering a real estate agency, including obtaining information and forms, completing and lodging forms, paying fees and attending interviews (if applicable) in this jurisdiction
Vic
Hours per licensee
6 hours
(360 minutes)
Productivity Commission 2008, Performance benchmarking of Australian business regulation: cost of business registrations, pp. 147–151
Based on regulator cost estimates for registering a real estate agency, including obtaining information and forms, completing and lodging forms, paying fees and attending interviews (if applicable) in this jurisdiction
Qld
Hours per licensee
2 hours
(120 minutes)
Productivity Commission 2008, Performance benchmarking of Australian business regulation: cost of business registrations, pp. 147–151
Based on regulator cost estimates for registering a real estate agency, including obtaining information and forms, completing and lodging forms, paying fees and attending interviews (if applicable) in this jurisdiction
WA
Hours per licensee
2.65 hours
(19 minutes)
Productivity Commission 2008, Performance benchmarking of Australian business regulation: cost of business registrations, pp. 147–151
Based on regulator cost estimates for registering a real estate agency, including obtaining information and forms, completing and lodging forms, paying fees and attending interviews (if applicable) in this jurisdiction
SA
Hours per licensee
0.25 hours
(15 minutes)
Based on an estimate provided by the SA regulator in June 2012
Tas
Hours per licensee
1 hour
(60 minutes)
Productivity Commission 2008, Performance benchmarking of Australian business regulation: cost of business registrations, pp. 147–151
Based on regulator cost estimates for registering a real estate agency, including obtaining information and forms, completing and lodging forms, paying fees and attending interviews (if applicable) in this jurisdiction
NT
Hours per licensee
1.33 hours
(80 minutes)
Productivity Commission 2008, Performance benchmarking of Australian business regulation: cost of business registrations, pp. 147–151
Based on regulator cost estimates for registering a real estate agency, including obtaining information and forms, completing and lodging forms, paying fees and attending interviews (if applicable) in this jurisdiction
ACT
Hours per licensee
1.67 hours
(100 minutes)
Productivity Commission 2008, Performance benchmarking of Australian business regulation: cost of business registrations, pp. 147–151
Based on regulator cost estimates for registering a real estate agency, including obtaining information and forms, completing and lodging forms, paying fees and attending interviews (if applicable) in this jurisdiction
