4Application of Act

4 Application of Act

(1)  In this section –

accountant means a person practising as a public accountant who is a member of –

(a) [Section 4 Subsection (1) amended by No. 7 of 2025, s. 179, Applied:01 Jul 2025] CPA Australia; or

(b) the Institute of Chartered Accountants in Australia; or

(c) the Institute of Public Accountants in Australia.

(2)  This Act does not bind the Crown.

(3)  Nothing in this Act prohibits the following persons from carrying out an activity that is part of a real estate agency business or property management business:

(a) a liquidator or receiver;

(b) a person who is subject to a guardianship order under the Guardianship and Administration Act 1995 or an assessment order or treatment order under the Mental Health Act 2013 ;

(c) a trustee company within the meaning of the Trustee Companies Act 1953 ;

(d) a legal practitioner –

if that person is performing functions in that capacity.

(4)  An accountant need not be licensed to carry out an activity that is part of a real estate agency business if the activity does not include the sale, management, letting or lease of land.