Once you become a licensed conveyancer, it is your responsibility to understand your legal obligations under the Conveyancers Act (Vic) 2006 and its Regulations.

Compliance with the Act is regulated by Consumer Affairs Victoria (CAV) within the Department of Justice and penalties apply to breaches. CAV is responsible for policy, compliance and enforcement of the conveyancing legislation, including compliance with the Code of Conduct and trust account obligations.

You must also understand your responsibilities under other laws that set rules for your business – for example, the Australian Consumer Law and Fair Trading Act 2012, which applies to all Victorian businesses.