71ZBCode of conduct for brokers

71ZB Code of conduct for brokers

71ZB Code of conduct for brokers

(1) The regulations may prescribe a code of conduct for brokers.

(2) The regulations may create an offence of failing to comply with the code of conduct or a specific provision of the code of conduct (a relevant offence).

(3) The Secretary may issue a public statement, in a way determined by the Secretary—

(a) identifying a broker found guilty of a relevant offence, and

(b) providing details of the commission of the relevant offence.

(4) In this section—

broker means a person who provides brokerage services to another person in return for a commission, fee or other financial benefit.

brokerage services means one or more of the following services—

(a) providing advice about a dealing in an access licence or holding in an access licence,

(b) dealing in an access licence or holding in an access licence for another person,

(c) investigating a prospective dealing in an access licence or holding in an access licence for another person,

(d) preparing and submitting documents necessary for a dealing in an access licence or holding in an access licence for another person.

s 71ZB: Ins 2024 No 69, Sch 1[2].