New South Wales Consolidated Regulations

PROPERTY, STOCK AND BUSINESS AGENTS REGULATION 2003 - REG 7

7 Sharing of commission

(1) There is an exemption from section 33 of the Act if:

(a) the transaction concerned relates solely to livestock and the person with whom the licensee enters into an arrangement or acts in conjunction in respect of that transaction is a person whose principal place of business is a State or Territory under the law of which a person is not required to be licensed, registered or otherwise authorised to act as an agent in connection with any such transaction, or

(b) the person with whom the licensee enters into an arrangement or acts in conjunction as referred to in that section is a person who is licensed, registered or otherwise authorised under the law of a place outside Australia to act as agent in connection with the transaction concerned.

(2) Each of the following Acts is declared to be a corresponding Act for the purposes of section 33 of the Act:

Estate Agents Act 1980 of Victoria

Property Agents and Motor Dealers Act 2000 of Queensland

Agents Act 1968 of the Australian Capital Territory

Land Agents Act 1994 of South Australia

Agents Licensing Act of the Northern Territory

Real Estate and Business Agents Act 1978 of Western Australia

Auctioneers and Real Estate Agents Act 1991 of Tasmania