ESTATE AGENTS ACT 1980 - SECT 48C Treatment of non-monetary rebates
ESTATE AGENTS ACT 1980 - SECT 48C
Treatment of non-monetary rebates(1) For the purposes of sections 48A and 48B, if a rebate is, or is to be, obtained as a benefit rather than as a payment of money, a reference in those sections to the amount of the rebate is to be read as a reference to the value of the rebate.
(2) The dollar amount that is to be attributed to the value of the rebate is a reasonable estimate of the value of the rebate in dollars to the agent.
S. 48D inserted by No. 41/2003 s. 8.