10Assistant agents require certificate of registration

10 Assistant agents require certificate of registration

10 Assistant agents require certificate of registration

(1) A person must not do any of the following things unless the person is the holder of a certificate of registration—

(a) be or remain as an assistant agent in the employment of a person licensed (or required to be licensed) under this Act,

(b) represent, whether expressly or impliedly, that the person is an assistant agent,

(c) act as or exercise any of the functions of an assistant agent.

Maximum penalty—100 penalty units.

(2) An employed licensee is not required to hold both a certificate of registration and a licence to allow the licensee lawfully to do anything that, in the absence of this section, the licensee could lawfully do as the holder of the licence.

(3) An assistant agent who holds a certificate of registration may be known as a registered agent.

s 10: Am 2016 No 60, Sch 1 [2]; 2018 No 5, Sch 1[14] [15].