New South Wales Consolidated Acts

PROPERTY AND STOCK AGENTS ACT 2002 - SECT 50

50 Advertisements to include information about licensee

(1) A licensee must not publish (in a newspaper or otherwise) an advertisement relating to or in connection with the licensee's business unless the advertisement includes the following--

(a) if the licensee is an individual carrying on business in the licensee's own name and is not a member of a partnership--the licensee's name,

(b) if the licensee is an individual carrying on business under a business name registered under any Act relating to the registration of business names--either the licensee's name or that business name,

(c) if the licensee carries on business as a member of a partnership--either the licensee's name or the name of the partnership, or the name under which the partnership is registered under any Act relating to the registration of business names,

(d) if the licensee is a corporation and the corporation is carrying on business in its own name--the name of the corporation,

(e) if the licensee is a corporation and the corporation is carrying on business under a business name registered under any Act relating to the registration of business names--either its own name or that business name.

(2) A licensee who has a relevant interest in the sale of real or personal property must not in the course of carrying on business as an agent on the sale publish or cause to be published an advertisement relating to or in connection with the proposed sale of the property unless the relevant interest is disclosed in the advertisement.

(3) A licensee has a
"relevant interest" in the sale of real or personal property if--

(a) the licensee has an interest in the property as an owner of the property, or

(b) the licensee is a corporation and a director of the corporation is an owner of the property, or

(c) the licensee is a director of a corporation and the corporation is an owner of the property.

: Maximum penalty--100 penalty units.