Among the changes made were:
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streamlining legislation
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introducing unique identifying numbers to help Fair Trading monitor agents' trust accounts and safeguard consumer funds
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accommodating modern technology for records and communication
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warning sellers if a commission is payable even if they pull out of the sale
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allowing a body corporate or association to obtain information about its invested money when the managing agent has not complied with their obligations.
A full summary of the changes can be found here.
