a) What is the maximum bond payable? Refer to the specific section of the relevant Act in victoria and

explain any exceptions.

ASSESSMENT TASK 1

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b) Explain the process for receiving, recording and lodging bonds and security deposits.

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c) What/who regulates the establishment and management of trust accounts?

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d) What financial records are required by the landlord from the agency?

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ASSESSMENT TASK 1

e) Who can sign a trust cheque or approve an EFT for a trust account?

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