Queensland Numbered Acts

PROPERTY AGENTS AND MOTOR DEALERS AND OTHER ACTS AMENDMENT ACT 2006 No. 10 - SECT 5

After section 5--

insert--

'(1) This section applies to--

(a) a person, appointed under the Corporations Act, as a liquidator, or controller of property, of a corporation that is authorised under a licence to perform an activity; or

(b) a person, appointed under this Act, as a receiver of an entity that is authorised under a licence to perform an activity.

'(2) The person is exempt from the following provisions while performing a function for which the person is appointed in relation to a business carried on under a licence under this Act in accordance with the conditions applying to the director's licence for the corporation to which the appointment relates--