PHOTO: A Maylands real estate agency and its supervisor have been penalised after failing to lodge tenancy bonds on time and recording the wrong dates upon submission.
Caputo & Clay Pty Ltd and the person in control of the agency, Michael Geoffrey Clay, have been fined $12,000 and $3,000 by the State Administrative Tribunal, respectively, for failing to lodge tenancy bonds with the Bond Administrator within the required time limit and for recording dates incorrectly.
Between December 2017 and May 2018, the agency, formerly trading as Harcourts Integrity and currently trading as Perth Realty Group, collected nine bonds from tenants however failed to lodge them within the required time, and had also incorrectly recorded the dates on which eight bonds were received by entering later dates in the BondsOnline system, according to a statement from Consumer Protection WA.
Mr Clay, as the person in control of the agency, breached the Code by “failing to take all reasonable steps to ensure that staff complied with the Code” with regard to the proper processing of bond payments, the group noted.
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