1.(a) Errors or inaccuracies can compromise the accuracy and integrity of the trust account. Outline fourmajor causes of errors or inaccuracies that can occur in the trust account and explain how each should be addressed to correct the issue. (120 - 140)

1b) Describe twoother occurrences that can lead to the trust account being compromised. (50 - 60 )

• Please answer question 8 by using website(https://www.caselaw.nsw.gov.au/decision/549f62ef3004262463a270ec)and prosecution provided in question 7.

"I. Identify the legislation which sets out the monetary value of penalty units and the legislation that determines the yalue of a single unit. Then calculate the highest monetary penalty the agent could receiye for breaching section 32 of the Property and Stock Agents Act 2092 and Schedule 1.2 of the Regulations. MSW legislation sets out the monetary yalue of Interpretation Act 198? penalty units {MSW} Legislation that determines the value of a single It 't Crime Act 1999 [NSW] pena y uni . the maximum monetary penalty for breach of section 32