1) Different Australian states and territories have different rules and regulations when it comes to trust accounts. What are the rules when a licensee opens a bank account with an approved financial institution in NSW? (100 - 150)

2) According to the Property and Stock Agents Regulation 2014 (NSW), licensees can keep manual or computerised trust accounts.

2(a)Analyse and list two records of trust account transactions that must be kept by a licensee. (150 - 200)

2 (b) Identify and explain five essential requirements required by the legislation when operating a computerised trust account. In your answer include a reference to specific sections/clause of the legislation. (80 - 100

2 (c)Explain three functions that computerised trust accounting software must be able to perform to maintain trust accounts. (60 - 80)

3) Using the NSW Fair Trading website, explain the purpose of internal and external audits of trust accounts. (100-170)

4) Explain the license-in-charge legislative responsibilities, under the Property and Stock Agent Act 2002 (NSW), regarding trust account audits. (100-170)

Thank you!!! :)