According to NSW Legislations find the relevant section for below task.

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The Act for your state or territory: Obligation Maximum penalty for breaching your obligation Section of the Act You must not act as an estate agent unless licensed to do so. You must not permit or assist a person who is not licensed to carry on the business of an estate agent. You must not publish or authorise the publication of an advertisement that is false or misleading. You must not market a property for sale at a lower price than your estimated selling price [commonly referred to as underquoting). You must not purchase or indirectly benet from the purchase of any real estate or business you are engaged to sell. You must keep trust money in a separate and current trust account at an authorised financial institution. You must not fraudulently use trust money or falsify trust accounts