Real estate licensing + agents in Victoria
State-by-state real estate agent licensing, trust accounts, underquoting, sales practices + Property + Stock Agents Acts.
1
Vic-specific obligations
7
Federal obligations
Vic-specific
Federal
Hold valid liquor licence (state liquor licensing)
Liquor sale / supply requires state-issued licence; multiple categories.
Hold a current real estate agent licence (state-specific)
Selling agents must hold a current licence issued by their state fair trading regulator.
Trust account audit + ASIC / state regulator submission
Holders of client trust accounts (real estate, legal, conveyancing) must lodge annual audited accounts.
Hold state-issued gambling licence (operator + venue)
Wagering, casino, gaming machine + lottery operators require state-issued licences with operator probity.
Hold a High Risk Work Licence for HRWL classes
Forklift, crane, scaffolding, dogging, rigging, EWP and other high-risk work requires a HRWL.
Payment Service Provider (PSP) licensing reform — implementation pending
Treasury reform of payments licensing to capture digital wallets + Buy Now Pay Later + stored value.
Crypto Asset Secondary Service Provider (CASSPr) licensing reforms
Treasury consultation 2024 on bespoke crypto licensing — separate from AFSL.