Victorian Consolidated Regulations Victorian Consolidated Regulations(1) A corporation is an exempt person for the purposes of section 5(2)(h) of the Act if the corporation—
(a) carries on the business of an estate agent in relation to the assets of an entity that, in relation to the corporation, is an associated entity within the meaning of section 50AAA of the Corporations Act; and
(b) is an estate agent by reason only of the business carried on by it in relation to those assets; and
(c) when carrying on that business as an estate agent discloses in writing in any advertising or contract relating to those assets its relationship to the owner of those assets.
(2) In this regulation—
"corporation" includes an employee of the corporation who is acting in the capacity of an employee of the corporation.