sec.44What must be included in an introduction agreement

### sec.44 What must be included in an introduction agreement An introduction agent must ensure that an introduction agreement— is in writing, easily legible and clearly expressed; and states the following— prominently at the top of the first page of the agreement, the agent’s licence number; at the beginning of the agreement, before any other words comprising the agreement, the words ‘Important Notice’ in bold type at least 16 point font size; immediately after the words ‘Important Notice’ mentioned in subparagraph (ii) , the statement prescribed for this subparagraph under a regulation; the names, addresses and telephone numbers of the parties to the agreement; a full description of the service to be provided by the agent under the agreement and the terms on which the service is offered; the price of the service and the method of payment; prominently in bold type that this Act forbids the payment of an amount more than a stated percentage that is the prepayment limit, before any part of the service is provided; the term of the agreement; the conditions under which refunds will be made; all terms of the agreement in full; the date on which the client signed the agreement; and complies with any other requirements prescribed under a regulation; and is signed. Maximum penalty—200 penalty units. An introduction agreement need not contain the statement mentioned in subsection (1) (b) (vii) if section 49 does not apply to the agreement. An introduction agent must ensure an introduction agreement is not dated earlier than the date on which the client signs the agreement. Maximum penalty for subsection (3) —200 penalty units. s 44 amd 2003 No. 94 s 52 (sec.44-ssec.1) An introduction agent must ensure that an introduction agreement— is in writing, easily legible and clearly expressed; and states the following— prominently at the top of the first page of the agreement, the agent’s licence number; at the beginning of the agreement, before any other words comprising the agreement, the words ‘Important Notice’ in bold type at least 16 point font size; immediately after the words ‘Important Notice’ mentioned in subparagraph (ii) , the statement prescribed for this subparagraph under a regulation; the names, addresses and telephone numbers of the parties to the agreement; a full description of the service to be provided by the agent under the agreement and the terms on which the service is offered; the price of the service and the method of payment; prominently in bold type that this Act forbids the payment of an amount more than a stated percentage that is the prepayment limit, before any part of the service is provided; the term of the agreement; the conditions under which refunds will be made; all terms of the agreement in full; the date on which the client signed the agreement; and complies with any other requirements prescribed under a regulation; and is signed. Maximum penalty—200 penalty units. (sec.44-ssec.2) An introduction agreement need not contain the statement mentioned in subsection (1) (b) (vii) if section 49 does not apply to the agreement. (sec.44-ssec.3) An introduction agent must ensure an introduction agreement is not dated earlier than the date on which the client signs the agreement. Maximum penalty for subsection (3) —200 penalty units. - (a) is in writing, easily legible and clearly expressed; and - (b) states the following— (i) prominently at the top of the first page of the agreement, the agent’s licence number; (ii) at the beginning of the agreement, before any other words comprising the agreement, the words ‘Important Notice’ in bold type at least 16 point font size; (iii) immediately after the words ‘Important Notice’ mentioned in subparagraph (ii) , the statement prescribed for this subparagraph under a regulation; (iv) the names, addresses and telephone numbers of the parties to the agreement; (v) a full description of the service to be provided by the agent under the agreement and the terms on which the service is offered; (vi) the price of the service and the method of payment; (vii) prominently in bold type that this Act forbids the payment of an amount more than a stated percentage that is the prepayment limit, before any part of the service is provided; (viii) the term of the agreement; (ix) the conditions under which refunds will be made; (x) all terms of the agreement in full; (xi) the date on which the client signed the agreement; and - (i) prominently at the top of the first page of the agreement, the agent’s licence number; - (ii) at the beginning of the agreement, before any other words comprising the agreement, the words ‘Important Notice’ in bold type at least 16 point font size; - (iii) immediately after the words ‘Important Notice’ mentioned in subparagraph (ii) , the statement prescribed for this subparagraph under a regulation; - (iv) the names, addresses and telephone numbers of the parties to the agreement; - (v) a full description of the service to be provided by the agent under the agreement and the terms on which the service is offered; - (vi) the price of the service and the method of payment; - (vii) prominently in bold type that this Act forbids the payment of an amount more than a stated percentage that is the prepayment limit, before any part of the service is provided; - (viii) the term of the agreement; - (ix) the conditions under which refunds will be made; - (x) all terms of the agreement in full; - (xi) the date on which the client signed the agreement; and - (c) complies with any other requirements prescribed under a regulation; and - (d) is signed. - (i) prominently at the top of the first page of the agreement, the agent’s licence number; - (ii) at the beginning of the agreement, before any other words comprising the agreement, the words ‘Important Notice’ in bold type at least 16 point font size; - (iii) immediately after the words ‘Important Notice’ mentioned in subparagraph (ii) , the statement prescribed for this subparagraph under a regulation; - (iv) the names, addresses and telephone numbers of the parties to the agreement; - (v) a full description of the service to be provided by the agent under the agreement and the terms on which the service is offered; - (vi) the price of the service and the method of payment; - (vii) prominently in bold type that this Act forbids the payment of an amount more than a stated percentage that is the prepayment limit, before any part of the service is provided; - (viii) the term of the agreement; - (ix) the conditions under which refunds will be made; - (x) all terms of the agreement in full; - (xi) the date on which the client signed the agreement; and