108FDefinitions

108F Definitions (1) In this Part, unless the contrary intention appears: business includes a share in a business or an interest in a business. interested party means: (a) a licensed real estate agent; or (b) a licensed business agent; or (c) a registered agent's representative; or (d) an employee of a licensed real estate agent or licensed business agent; or (e) a person who holds himself or herself out to be a real estate agent or a business agent. land includes an interest in land.

Agents Licensing Act 1979 77 (2) In this Part, a purchase or sale of land or a business in which an interested party who is a licensed real estate agent or licensed business agent is beneficially interested includes a purchase or sale that is or will be made by or on behalf of: (a) the spouse, de facto partner, parent, brother, sister or child of the agent; or (b) a corporation, body, association of persons or firm carrying on business for profit or gain of which the agent or the spouse, de facto partner, parent, brother, sister or child of the agent is a member; or (c) if the agent is a corporation – the corporation, a member of the corporation or the spouse, de facto partner, parent, brother, sister or child of a member of the corporation; or (d) if the agent carries on business as such as a member of a firm – a person who is a member of the firm or the spouse, de facto partner, parent, brother, sister or child of that person. (3) In this Part, a purchase or sale of land or a business in which an interested party who is a registered agent's representative or an employee is beneficially interested includes a purchase or sale that is or will be made by or on behalf of: (a) the spouse, de facto partner, parent, brother, sister or child of the representative or employee; or (b) a corporation, body, association of persons or firm carrying on business for profit or gain of which the representative or employee or the spouse, de facto partner, parent, brother, sister or child of the representative or employee is a member. (4) In this Part, an interested party acts as the agent for a client wishing to purchase or sell land or a business from the time the client first communicates (whether orally or in writing) the fact that the client wishes to purchase or sell the land or business to: (a) the interested party; or (b) a person specified in subsection (2) or (3).

Agents Licensing Act 1979 78