sec.135Offence to sell, lend or hire out licence etc.

sec.135 Offence to sell, lend or hire out licence etc.

A field agent must not— sell, lend or hire out the agent’s licence to someone else; or notify or advertise that a licence is available for sale, loan or hire to someone else; or permit or allow someone else to hold out that the person is the holder of the licence issued to the agent. Maximum penalty—200 penalty units or 2 years imprisonment. A person must not buy, borrow or hire a field agent’s licence. Maximum penalty—200 penalty units or 2 years imprisonment. If a person who is not the holder of a licence or the holder’s substitute has the effective or apparent management or control of a field agent’s regulated business, the agent is taken to have lent, and the person is taken to have borrowed, the agent’s licence. (sec.135-ssec.1) A field agent must not— sell, lend or hire out the agent’s licence to someone else; or notify or advertise that a licence is available for sale, loan or hire to someone else; or permit or allow someone else to hold out that the person is the holder of the licence issued to the agent. Maximum penalty—200 penalty units or 2 years imprisonment. (sec.135-ssec.2) A person must not buy, borrow or hire a field agent’s licence. Maximum penalty—200 penalty units or 2 years imprisonment. (sec.135-ssec.3) If a person who is not the holder of a licence or the holder’s substitute has the effective or apparent management or control of a field agent’s regulated business, the agent is taken to have lent, and the person is taken to have borrowed, the agent’s licence.

• (a) sell, lend or hire out the agent’s licence to someone else; or
• (b) notify or advertise that a licence is available for sale, loan or hire to someone else; or
• (c) permit or allow someone else to hold out that the person is the holder of the licence issued to the agent.