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.