Agents to be registered
6 Agents to be registered
A person must not carry on business, or hold himself or herself out, as an agent unless registered as an agent under this Act. Maximum penalty: Maximum penalty:
for an offence committed by a natural person—
for a first or second offence—$50 000;
or
for a third or subsequent offence—$50 000 or
12 months imprisonment or both; or
for an offence committed by a body corporate—$250 000.
A person required by this Act to be registered as an agent is not entitled to commission or other consideration for services as an agent unless the person—
is, at the time of rendering the services, registered as an agent;
and
is authorised, in writing, to act as an agent by the person for whom the services are rendered or a person authorised to act on behalf of that person.
Any commission or other consideration paid or given to a person who is, under subsection (2), not entitled to it may be recovered from the person as a debt.
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