New South Wales Consolidated Regulations
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PROPERTY AND STOCK AGENTS REGULATION 2014 - REG 4
Real estate agent functions
(1) For the purposes of the definition of
"real estate agent functions" in section 3A(1) of the Act, those functions--
(a) include acting as an auctioneer or agent in respect of a parcel of
rural land with an area of 20 hectares or less, and
(b) do not include a
person undertaking commercial property agency work on behalf of-- (i) an
affiliate of the person, or
(ii) an entity that owns (whether or not together
with an affiliate of the entity) a major property holding.
(2) For the
purposes of this clause--
"major property holding" means property that has-- (a) an aggregate market
value of $40,000,000 or more, or
(b) an aggregate gross floor area of 20,000
square metres or more.
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