126Offences committed by employees, partners, or directors

126 Offences committed by employees, partners, or directors (1) Subject to subsection (2), a licensed agent may be prosecuted for an offence committed against this Act by a person who is an employee of, a partner of or, where the licensed agent is a company, a director of the licensed agent. (2) A licensed agent shall not be liable under subsection (1) where the licensed agent proves that he or she or the firm or company had given such directions to the employee, partner or director and had exercised or caused to have been exercised such supervision of the employee, partner or director as were reasonably necessary to ensure that the employee, partner or director did not commit an offence against this Act.