© 2026 Zoe. All rights reserved.
Zoe is a legal information platform. Always consult the Federal Register of Legislation for authoritative text.
Commonwealth legislation
This Act has been repealed and is no longer in force. It is retained for historical reference.
This class order exempts routine residential property letting from the requirement to hold an Australian financial services licence. It covers licensed real estate agents who manage leasing and day‑to‑day tenancy services for individual property owners, and the owners whose properties are managed.
The relief doesn’t apply to serviced apartments, hotels, motels or resort complexes, nor to arrangements where owners acquired properties together as part of an investment scheme. It reduces licensing burdens for standard residential property management.
Want the full deep dive?
Zoe can write the in-depth analysis on top of the summary above: how it works, who it affects and what each part actually does.
Direct links to the current provisions in ASIC Class Order [CO 02/182].
A real estate agent licensed in a State or Territory who operates or promotes a scheme of the kind specified in Schedule B and any registered proprietor of a unit or an interest in real property as described in Schedule B.
Making offers to issue or sell an interest in, making offers to arrange the issue of an interest in, making a recommendation to acquire an interest in, and operating, a managed investment scheme which consists of an owner or owners (other than owners who acquired their real property interest as a joint owner as part of the scheme) of an interest in real property making their interest in real property available to a real estate agent licensed in a State or Territory for letting purposes (including day to day management of any lease arrangement) other than for use as part of a serviced apartment, hotel, motel or resort complex.
Commencement
This instrument takes effect on the commencement of Schedule 1 to the Financial Services Reform Act 2001.
Dated this 16th day of February 2002
Signed by Brendan Byrne
as a delegate of the Australian Securities and Investments Commission
Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.
A real estate agent licensed in a State or Territory who operates or promotes a scheme of the kind specified in Schedule B and any registered proprietor of a unit or an interest in real property as described in Schedule B.
Making offers to issue or sell an interest in, making offers to arrange the issue of an interest in, making a recommendation to acquire an interest in, and operating, a managed investment scheme which consists of an owner or owners (other than owners who acquired their real property interest as a joint owner as part of the scheme) of an interest in real property making their interest in real property available to a real estate agent licensed in a State or Territory for letting purposes (including day to day management of any lease arrangement) other than for use as part of a serviced apartment, hotel, motel or resort complex.
Commencement
This instrument takes effect on the commencement of Schedule 1 to the Financial Services Reform Act 2001.
Dated this 16th day of February 2002
Signed by Brendan Byrne
as a delegate of the Australian Securities and Investments Commission