• Identify the legislation which sets out the monetary value of penalty units and the legislation that determines the value of a single unit. Then calculate the highest monetary penalty the agent could receive for breaching section 32 of the Property and Stock Agents Act 2002 and Schedule 1.2 of the Regulations.

MSW legislation sets out the monetary 1walue of penalty units Legislation that determines the value of a single penalty unit. the maximum monetary penaltyr for breach of 532 Risks and impact to Consumer Law Risk to agency Risk to industry Personal risk consumer Property and Stock Agents Regulations 2014 (NSW) Schedule 1.2 Specifically the obligation to 'act with integrity in regard to the principal's money" Schedule 9 Property and Stock Agents Act 2002 (NSW) Section 52 Competition and Consumer Act 2010 (CTH) Section 29