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reg 18

Restriction on discounts and rebates

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Part 5Appointment and payment of fees

18 Restriction on discounts and rebates

(1)

An agent or sales representative must not, in connection with a transaction or a service provided to a client by the agent or sales representative, demand or receive a discount or rebate that relates to a service provided by a service provider, unless the agent or sales representative has —

(a)

disclosed to the client the full nature, extent and amount of the discount or rebate; and

(b)

obtained the written consent of the client to the demanding or receiving of the discount or rebate by the agent or sales representative.

(2)

In subrule (1), a service provider includes a stocktaker, tradesperson and a person providing a service relating to advertising.

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