Regulation taskfore inquiry into reducing the regulatory burden on business background
| Fidelity Funds
Fidelity funds cont… |
Claims Fund. Non-contributory. Persons dealing with licensed property developers are precluded from claiming.
|
Property Services Compensation Fund. Contributory. |
Estate Agents Guarantee Fund. Non-contributory. |
Agents Indemnity Fund. |
Fidelity Guarantee Fund. Managed by Real Estate and Business Agents Supervisory Board (REBAs). All applicants of Sales Registration pay $45, including each renewal. All applicants for licence pay $150, including each renewal. |
Auctioneers and Real Estate Agents Trust. |
Agents Licensing Fidelity Guarantee Fund. Moneys of the Fund are comprised of contributions and levies paid under Act, licence and registration fees, fines imposed by Board, and interest accrued from investment of moneys of fund. |
|
Consumer Compensation Fund. |
Prepared by:
REIA Secretariat
30 June 2005
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