National Licensing for Property Occupations Consultation Regulation Impact Statement

Frequency of renewal of licence

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