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PROPERTY AND STOCK AGENTS ACT 2002 - SECT 124
Associates of a licensee
(1) In this Part, a reference to a licensee's associate is a reference to--
(a) a partner of the licensee, or
(b) an employee or agent of the licensee,
or
(c) a corporation, or a member of a corporation, partnership, syndicate or
joint venture, in which the licensee or a person referred to in paragraph (a),
(b) or (d) has a beneficial interest, or
(d) a person who bears a prescribed
relationship to the licensee or to a person referred to in paragraphs (a)-(c),
or
(e) a corporation that (if a person referred to in paragraphs (b)-(d) is a
corporation) is a subsidiary of the person within the meaning of the
Corporations Act, or
(f) a person declared by the regulations to be an
associate of the licensee or belonging to a class of persons so declared.
(2)
For the purposes of subsection (1) (d), a person bears a prescribed
relationship to a licensee or other person if the relationship is that of--
(a) a spouse, or
(b) an existing or former de facto partner, or
(c) a child,
grandchild, sibling, parent or grandparent, whether derived through paragraph
(a) or (b) or otherwise, or
(d) a kind prescribed by the regulations for the
purposes of this section.
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