3Definitions

3 Definitions

3 Definitions

(1) In this Order—

business agent restriction condition, in relation to a licence, means a condition that the holder of the licence exercise no real estate agent functions other than business agent functions.

commencement day means the day on which this Order commences.

National Register means the register referred to in section 216 of the National Vocational Education and Training Regulator Act 2011 of the Commonwealth.

on-site residential property manager restriction condition, in relation to a licence, means a condition that the holder of the licence exercise no real estate agent functions other than on-site residential property manager functions.

real estate agent restriction condition, in relation to a licence, means a condition that the holder of the licence exercise no real estate agent functions other than the following—

(a) on-site residential property manager functions,

(b) real estate sale or leasing functions.

registered training organisation means a training organisation listed on the National Register as a registered training organisation.

restriction condition means—

(a) a business agent restriction condition, or

(b) an on-site residential property manager restriction condition, or

(c) a real estate agent restriction condition.

satisfactorily completed Certificate IV in Real Estate Practice means completing Certificate IV in Real Estate Practice (CPP41419) with a registered training organisation demonstrating satisfactory completion of all of the following units—

(a) 5 core units,

(b) 5 units from Group A—Residential Property Sales,

(c) 5 units from Group B—Residential Property Management,

(d) 3 elective units.

the Act means the Property and Stock Agents Act 2002.

Note—

The Act and the Interpretation Act 1987 contain definitions and other provisions that affect the interpretation and application of this Order.