86Agents must not obtain beneficial interest in land

86 Agents must not obtain beneficial interest in land (1) An agent commits an offence if the agent— (a) acts for a seller of land; and (b) intentionally— (i) obtains a beneficial interest in the land; or (ii) is in any way involved in someone else obtaining a beneficial interest in the land. Maximum penalty: 200 penalty units, imprisonment for 2 years or

(2) Subsection (1) does not apply to an agent in relation to a beneficial interest in land if— (a) before the interest is obtained— (i) the agent fully discloses to the seller the circumstances surrounding the obtaining of the beneficial interest; and (ii) the seller agrees in writing to the obtaining of the interest; and (b) the seller— (i) does not pay to the agent any commission or reward for the sale of the land; or (ii) if the agent is a licensed agent––agrees in writing, before entering into a contract for the sale of the land, to the payment of a commission or reward to the agent for the sale.