Decision ris proposal for national licensing of the property occupations
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Decision Regulation Impact StatementProposal for national licensing of the property occupations Copyright Notice © Commonwealth of Australia 2013 ISBN: ISBN 978 1 922125 05 7 (print) ISBN 978 1 922125 06 4 (PDF) This work is licensed under a Creative Commons Attribution 3.0 Australia licence. 
The details of the relevant licence conditions are available on the Creative Commons website (accessible using the links provided) as is the full legal code for the CC BY 3 AU licence.
Table of contentsDecision Regulation Impact Statement 1 Table of contents 3 About this Decision Regulation Impact Statement 4 Quantified impacts for national licensing 5 Automatic mutual recognition 5
Purpose of the Decision Regulation Impact Statement 6 The Problem 6 Mutual recognition 6 Government objectives for reform 8 Property occupations are important to the economy 9 Options considered 9 Option 1: National licensing 9 Option 2: Automatic mutual recognition 9 National licensing – preferred option 10 Overview of the three options 10 National licensing option 10 Automatic mutual recognition 28 Status quo 29 1General policy context 31 1General policy context 31 1.The Occupational Licensing National Law Act 2010 32 1.The Occupational Licensing National Law Act 2010 32 Options for reform 34 Options for reform 34 2.Options considered 34 2.Options considered 34 Option 1 – National licensing 35 Option 2 – Automatic mutual recognition 36 Option 3 – Status quo 39 Preferred national licensing model 40 Preferred national licensing model 40 3.Licence categories 40 3.Licence categories 40 Real estate agent 41 Business agent 42 Strata managing agent 42 Agent’s representative 43 Real estate auctioneer 43 4.Nominees 43
5.Exemptions 44 5.Exemptions 44 6.Non-skills based eligibility requirements 45 6.Non-skills based eligibility requirements 45 Relevant person 45 Personal probity eligibility requirements 46 Financial probity requirements 48 7.Qualification-based eligibility requirements 49
Review of the proposed qualifications 49 Real estate agents 50 Business agents 52 Strata managing agents 53 Agent’s representative 54 Real estate auctioneer 55 8.Experience 55 8.Experience 55 9.Age requirement 55 9.Age requirement 55 10.Skills maintenance (continuing professional development) 55 10.Skills maintenance (continuing professional development) 55 11.Licence periods 56 11.Licence periods 56 12.Licence fees 56 12.Licence fees 56 13.Rationale for proposed national licensing elements 57 13.Rationale for proposed national licensing elements 57 National licence categories 57 Nominees 73 Exemptions 74 Non-skills based eligibility requirements 75 Qualification-based eligibility requirements 78 Skills maintenance (or continuing professional development) 88 Age requirement 90 Licence periods 91 Other licensing areas for consideration 92 Transitional arrangements 99
1.Transition and implementation costs of a national licensing system 102 1.Transition and implementation costs of a national licensing system 102 Cost to property licensees 102 Cost to business and households 103 Costs to government 103 1.Direct costs and benefits of national licensing 107
Labour mobility 107 Removal of multiple licences held across jurisdictions 110 Flexible licence periods 111 Reducing the costs of regulatory requirements 113 Costs imposed by new requirements 117 Business value-add 120 National Occupational Licensing Authority – ongoing operational costs 121 Potential changes in government revenue 122 Potential benefits to governments from simplified administrative arrangements 122 Other impacts that have not been quantified 124 1.Impacts on consumer outcomes 127 1.Impacts on consumer outcomes 127 2.Comparing the impacts of licensees working in single and multiple jurisdictions 128 2.Comparing the impacts of licensees working in single and multiple jurisdictions 128 3.Wider economic impacts on the Australian economy 129 3.Wider economic impacts on the Australian economy 129 The shock to the model – the scenario modelled for this Decision Regulation Impact Statement 130 Key results 130 1.Sensitivity testing of key assumptions 133 1.Sensitivity testing of key assumptions 133 Labour mobility assumptions 133 Alternative licence period 134 Net present value assumptions 135 1.Costs and benefits of the automatic mutual recognition option 136
Automatic mutual recognition – unharmonised approach 136 Automatic mutual recognition – harmonised approach 139 Potential Impacts 140 Conclusion 140 2.Summary of the costs and benefits of national licensing by jurisdiction 142 2.Summary of the costs and benefits of national licensing by jurisdiction 142 New South Wales 142 Victoria 143 Queensland 144 Western Australia 145 South Australia 146 Tasmania 147 Australian Capital Territory 148 Northern Territory 149
3.Public information sessions 150 3.Public information sessions 150 4.National Occupational Licensing Authority 154 4.National Occupational Licensing Authority 154 5.Other consultation 154 5.Other consultation 154 6.Submission summary 154 6.Submission summary 154 7.Overview of selected stakeholder submissions 156 7.Overview of selected stakeholder submissions 156 8.Other areas of concern 157 8.Other areas of concern 157 Conduct requirements 157 Conclusion and recommendation 158 Conclusion and recommendation 158 9.Recommended option 158 9.Recommended option 158 10.Overview of the preferred national licensing model for the property occupations 158 10.Overview of the preferred national licensing model for the property occupations 158 Licence categories for the property occupations 158 Regulated scopes of work 159 Nominees 160 Exemptions 160 Non-skills based eligibility requirements 162 Qualification-based eligibility requirements 165 Experience 171 Age requirement 172 Skills maintenance (continuing professional development) 172 Licence periods 172 1.Other licensing areas for consideration 172 1.Other licensing areas for consideration 172 Livestock auctioneer 173 Livestock agency endorsement 173
1.Implementation of national licensing 175 1.Implementation of national licensing 175 Key steps in implementation 176 1.Communication strategy for national licensing 178
2.Review 178 2.Review 178 Attachment A – Key changes to existing arrangements 180 Attachment B – Overview of the property industry sector 191 Attachment C – List of submissions 193 Attachment D – Overview of existing licensing arrangements 206 Overview of current licensing and eligibility requirements 206 Real estate agent 206 Business agent 207 Strata managing agent 207 Property management 208 Agent or sales representative 208 Auctioning of real property 208 Auctioning of livestock 209 Current licence categories 209 Attachment E – National licensing policy development process 211 Attachment F – Risks associated with property occupations 215 Attachment G – Approach to the impact analysis 221 Calculations used in the cost–benefit analysis 221 The status quo 221 Calculating the present value of yearly impacts 221 Number of licence holders affected by national licensing 222 Net industry growth factor for employment 222 Time cost as referred to in the calculations in this chapter 223 Calculating the net present value 223 Calculating the transition and ongoing costs 223 Estimating transition costs to licence holders from a change to national licensing 223 Transition cost for government of communicating the changes to the industry and consumers 224 Cost to governments of the transition to a national licensing register 224 Cost of establishing and operating the National Occupational Licensing Authority 224 Removing the need to hold multiple licences across jurisdictions 225 Continuing compliance activity on reduced revenue 227 Impact from a licence period of one, three or five years across all jurisdictions 228 Increasing the frequency of processing for agent’s representatives in Victoria 229 Changes to qualification requirements 229 Removal of mandatory continuing professional development requirements 231 Removing the requirement to advertise 231 Savings from removing broader fit and proper tests as part of personal probity 231 Labour mobility 232 Removing experience requirements 232 Business value-add 232 Method underlying the computable general equilibrium modelling 233 Limitations of the modelling 234 The shock to the model 236 Inputs and assumptions underlying the analysis 237 Assumptions in the cost–benefit analysis 237 Real discount rate 237 Evaluation period 237 Wage rate 238 Industry growth rates (employment) 240 Licence fees 242 Processing component of licence fees 245 Number of licensees 246 Frequency of renewal of licence 249 Time cost of applying for a licence 249 Time cost of renewing a licence 250 Transition costs for industry 251 Mutual recognition 251 Removal of requirement to hold multiple licences across jurisdictions 252 Experience requirements 253 Improved labour mobility 254 Business value-add (capital efficiency) 254 Changes to frequency of processing for agent’s representatives in Victoria 256 Change in qualification requirements 256 Removal of requirement to advertise the intention to apply for a licence 263 Changes to personal probity requirements 263 Government communications costs 265 Government operating costs associated with National Occupational Licensing Authority 266 National licensing register costs 268 Attachment H – References 270 Reports and presentations 270 Legislation 271
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