Unit of competency Outline
Date retreived
23/07/2026 12:53 PM AWST
23/07/2026 12:53 PM AWST
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Establish and monitor property industry trust account management practices
Establish and monitor property industry trust account management practices
Unit of competency
National Code
CPPREP5002
CPPREP5002
State Code
OAQ47
OAQ47
TGA Status
Current
Current
DTWD Status
Approved
Approved
State Implementation and Classification
Approved Date
03/06/2020
Field of Education
081105 - Investment And Securities
Original Release Date
03/06/2020
Nominal Hours
65
Description
This unit specifies the skills and knowledge required to establish and monitor management practices for property industry trust accounts.It includes accessing, reading and interpreting regulatory controls for trust accounts in a property agency practice and establishing, monitoring and reviewing the application of agency controls for opening, operating, monitoring and closing trust accounts, including delegation of authority, security and data management.The unit also includes the skills and knowledge to identify and control fraudulent practices that impact the trust account.The unit applies to industry professionals in the property industry in control of an agency. State or territory licensing requirements may apply to this unit.
Notes
Elements and Performance Criteria
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| State Code | National Code | Title | Type |
|---|---|---|---|
| BEI0 | CPP51119 | Diploma of Property (Agency Management) | Qualification |
| BHQ9 | CPP51122 | Diploma of Property (Agency Management) | Qualification |