53FLicensees and certificate holders not to receive certain gifts or benefits

53F Licensees and certificate holders not to receive certain gifts or benefits

53F Licensees and certificate holders not to receive certain gifts or benefits

(1) The holder of a licence or a certificate of registration must not request or accept a gift or other benefit for the holder or for some other person in circumstances that may reasonably be considered to give rise to a conflict of interest.

Maximum penalty—20 penalty units.

(2) This section does not apply to the following—

(a) anything provided by the employer of the holder,

(b) anything provided in accordance with the terms of an agency agreement or from a client as a gift in gratitude for services provided under an agency agreement,

(c) anything of a kind prescribed by the regulations for the purposes of this section,

(d) anything that has a value that is less than an amount prescribed by the regulations for the purposes of this section.

(3) This section does not apply to the requesting or accepting of a gift or other benefit by a strata managing agent (within the meaning of the Strata Schemes Management Act 2015) in connection with the provision of services as a strata managing agent or the exercise of functions as a strata managing agent.

Note.

See section 57 of the Strata Schemes Management Act 2015 for an offence relating to the requesting or accepting of gifts by strata managing agents.

(4) In this section—

gift has the same meaning as it has in Part 6 of the Election Funding, Expenditure and Disclosures Act 1981.

pt 3, div 7 (s 53F): Ins 2018 No 5, Sch 1[36].