33Licensee not to share commission with certain persons

#### 33 Licensee not to share commission with certain persons 33 Licensee not to share commission with certain persons > > (1) A licensee must not enter into an arrangement with or act in conjunction with a person that the licensee knows to be an unlicensed person (other than an employee in the licensee’s business as a licensee) whereby the unlicensed person is entitled to a share of the commission, fee, gain or reward payable to the licensee in respect of any transaction by or with him or her as a licensee or generally. > > > > Maximum penalty— > > > > > (a) 100 penalty units in the case of a corporation, or > > > > > (b) 50 penalty units in any other case. > > > (2) In this section— > > > > unlicensed person means a person who is not licensed under this Act or a corresponding Act. > > **s 33:** Am 2018 No 5, Sch 1\[31\].