[2024] NZREADT 41 – CAC 2103 v Jones Lang Laselle Ltd (29 October 2024) [pdf, 253 KB]
...the Act and the Audit Regulations by failing to record funds in the trust ledger and reconcile accounts. The Tribunal imposed a penalty of $7,500. [42] They also referred to the case of Burnett v Real Estate Agents Authority,8 where Mr Burnett appealed against the Committee’s finding of unsatisfactory conduct under s 72 of the Act. Mr Burnett’s agency had failed to comply with reg 15 of the Audit Regulations. Mr Burnett had failed to send reconciliations for almost every mont...