45Sharing of commission—the Act, ss 3 and 4

45 Sharing of commission—the Act, ss 3 and 4

45 Sharing of commission—the Act, ss 3 and 4

(1) A licensee is exempt from the Act, section 33—

(a) if—

(i) the transaction relates only to livestock, and

(ii) the person with whom the licensee enters into an arrangement or acts in conjunction with in relation to the transaction is a person whose principal place of business is a State or Territory under the law of which a person is not required to be licensed, registered or otherwise authorised to act as an agent in connection with a transaction of that kind, or

(b) if the person with whom the licensee enters into an arrangement or acts in conjunction with is a person who is licensed, registered or otherwise authorised under the law of a place outside Australia to act as agent in connection with the transaction.

(2) For the Act, section 3(1), definition of corresponding Act, each of the following Acts is declared to be a corresponding Act—

(a) the Agents Act 2003 of the Australian Capital Territory,

(b) the Agents Licensing Act 1979 of the Northern Territory,

(c) the Property Occupations Act 2014 of Queensland,

(d) the Land Agents Act 1994 of South Australia,

(e) the Property Agents and Land Transactions Act 2016 of Tasmania,

(f) the Estate Agents Act 1980 of Victoria,

(g) the Real Estate and Business Agents Act 1978 of Western Australia.