Queensland Consolidated Acts Queensland Consolidated Acts(1) For this Act, a licensee, other than a property developer, is taken to have a beneficial interest in property in each of the following cases--
Case 1
The purchase of the property is made for the licensee or an associate of the licensee.
Editor's note--
'Associate' is a term defined in the dictionary.
Case 2
An option to purchase the property is held by the licensee or an associate of the licensee.
Case 3
The purchase of the property is made for a corporation (having not more than 100 members) of which the licensee or an associate of the licensee is a member.
Case 4
An option to purchase the property is held by a corporation (having not more than 100 members) of which the licensee or an associate of the licensee is a member.
Case 5
The purchase of the property is made for a corporation of which the licensee or an associate of the licensee is an executive officer.
Case 6
An option to purchase the property is held by a corporation of which the licensee or an associate of the licensee is an executive officer.
Case 7
If the licensee is a corporation, the purchase of the property is made for an executive officer of the licensee or an associate of the executive officer.
Case 8
If the licensee is a corporation, an option to purchase the property is held by an executive officer of the licensee or an associate of the executive officer.
Case 9
The purchase of the property is made for a member of a firm or partnership of which the licensee or an associate of the licensee is also a member.
Case 10
The purchase of the property is made for a person carrying on a business for profit or gain and the licensee or an associate of the licensee has, directly or indirectly, a right to participate in the income or profits of the person's business or the purchase of the property.
(2) For this Act, a registered employee of a licensee, other than a property developer, is taken to have a beneficial interest in property in each of the following cases--
Case 1
The purchase of the property is made for the registered employee or an associate of the employee.
Editor's note--
'Associate' is a term defined in the dictionary.
Case 2
The registered employee or an associate of the employee has an option to purchase the property.
Case 3
The purchase of the property is made for a corporation (having not more than 100 members) of which the registered employee or an associate of the employee is a member.
Case 4
An option to purchase the property is held by a corporation (having not more than 100 members) of which the registered employee or an associate of the employee is a member.
Case 5
The purchase of the property is made for a corporation of which the registered employee or an associate of the employee is an executive officer.
Case 6
An option to purchase the property is held by a corporation of which the registered employee or an associate of the employee is an executive officer.
Case 7
The purchase of the property is made for an executive officer of a corporation of which the registered employee or an associate of the registered employee is an executive officer.
Case 8
An option to purchase the property is held by an executive officer of a corporation of which the registered employee or an associate of the registered employee is an executive officer.
Case 9
The purchase of the property is made for a member of a firm or partnership of which the registered employee or an associate of the employee is also a member.
Case 10
The purchase of the property is made for a person carrying on a business for profit or gain and the registered employee or an associate of the employee has, directly or indirectly, a right to participate in the income or profits of the person's business or the purchase of the property.