Australian Capital Territory
Agents Amendment Regulation 2006 (No 2)
Subordinate Law SL2006-24

The Australian Capital Territory Executive makes the following regulation under the Agents Act 2003.
Dated 31 May 2006.
Simon Corbell
Minister
John Hargreaves
Minister

Australian Capital Territory
Agents Amendment Regulation 2006 (No 2)
Subordinate Law SL2006-24
made under the
Agents Act 2003

    

1	Name of regulation
This regulation is the Agents Amendment Regulation 2006 (No 2).
2	Commencement
This regulation commences on 2 June 2006.
Note	The naming and commencement provisions automatically commence on the notification day (see Legislation Act, s 75 (1)).
3	Legislation amended
This regulation amends the Agents Regulation 2003.
4	Section 8A (3) and (4)
omit
5	New section 8B
insert
8B	Eligibility for registration—certain unqualified real estate salespeople—Act, s 49 (2)
	(1)	This section applies to an unqualified real estate salesperson if—
	(a)	the person is employed by a licensed real estate agent to provide commercial real estate agent services to a single customer; and
	(b)	the employer carries on business as a real estate agent only for the customer; and
	(c)	both the employer and the customer are corporations; and
	(d)	the employer is, under the Corporations Act—
	(i)	a subsidiary of the customer; or
	(ii)	related to the customer; or
	(iii)	an entity associated with the customer.
	(2)	The commissioner for fair trading may register the person as a real estate salesperson on condition that the registration ends if any of the circumstances mentioned in subsection (1) change.
	(3)	This section does not apply to a person to whom section 8A applies.
	(4)	In this section:
commercial real estate agent service means a real estate agent service that does not relate to residential property.
residential property—see the Civil Law (Sale of Residential Property) Act 2003, section 8.
6	Schedule 8, section 8.42 (1)
omit
owner or residential property
substitute
owner of residential property

Endnotes
1	Notification
	Notified under the Legislation Act on 1 June 2006.
2	Republications of amended laws
	For the latest republication of amended laws, see www.legislation.act.gov.au.

© Australian Capital Territory 2006