Queensland Numbered Acts

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PROPERTY AGENTS AND MOTOR DEALERS AND OTHER ACTS AMENDMENT ACT 2006 No. 10 - SECT 7

7 Amendment of s 13 (Meaning of beneficial interest)

(1) Section 13(1), cases 7 and 8--

renumber as cases 9 and 10.

(2) Section 13(1), after case 6--

insert--

'Case 7

If the licensee is a corporation, the purchase of the property is made for an executive officer of the licensee or an associate of the executive officer.

Case 8

If the licensee is a corporation, an option to purchase the property is held by an executive officer of the licensee or an associate of the executive officer.'.

(3) Section 13(2), cases 7 and 8--

renumber as cases 9 and 10.

(4) Section 13(2), after case 6--

insert--

'Case 7

The purchase of the property is made for an executive officer of a corporation of which the registered employee or an associate of the registered employee is an executive officer.

Case 8

An option to purchase the property is held by an executive officer of a corporation of which the registered employee or an associate of the registered employee is an executive officer.'.


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