Property Agents and Motor Dealers Amendment Regulation (No. 1) 2004 (Qld)

Queensland Property Agents and Motor Dealers Amendment Regulation (No. 1) 2004 Subordinate Legislation 2004 No. 313 made under the PropertyAgentsandMotorDealersAct2000 Contents Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Insertion of new pt 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Part 10 Transitional provision 59 Limited real estate agent’s licences . . . . . . . . . . . . . . 2 4 Amendment of sch 2 (Qualifications for particular licences and registration certificates) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

s1 2 s4 Property Agents and Motor Dealers Amendment No. 313, 2004 Regulation (No. 1) 2004 1 Short title This regulation may be cited as the Property Agents and Motor Dealers Amendment Regulation (No. 1) 2004 . 2 Regulation amended This regulation amends the Property Agents and Motor Dealers Regulation 2001. 3 Insertion of new pt 10 After section 58— insert— ‘Part 10 Transitional provision ‘59 Limited real estate agent’s licences ‘(1) This section applies to a person who, immediately before the commencement of this section ( commencement ), held a limited real estate agent’s licence (a former licence ). ‘(2) The person is taken, on commencement, to hold a limited real estate agent’s licence (business letting). ‘(3) The limited real estate agent’s licence (business letting)— (a) is taken to be subject to conditions and restrictions in the same terms as the conditions and restrictions to which the person’s former licence was subject; and (b) expires when the person’s former licence would have expired.’. 4 Amendment of sch 2 (Qualifications for particular licences and registration certificates) (1) Schedule 2, section 2(2) and (2A), after ‘limited real estate agent’s licence’— insert— ‘(business letting)’.

s4 3 s4 Property Agents and Motor Dealers Amendment No. 313, 2004 Regulation (No. 1) 2004 (2) Schedule 2, section 2— insert — ‘(2B) The prescribed educational qualifications for a limited real estate agent’s licence (affordable housing) are the successful completion at, or the assessment of competency by, a registered training organisation of the following units from the Property Development and Management Training Package—PRD01 approved under the Australian National Training Authority Act 1992 (Cwlth)— (a) PRDRE28A (Maintain trust account); (b) PRDRE37A (Perform and record property management activities and transactions).’. (3) Schedule 2, section 2(3A)— renumber as schedule 2, section 2(3B). (4) Schedule 2, section 2— insert— ‘(3A) The other prescribed qualification for a limited real estate agent’s licence (affordable housing) is that the person is a director of an approved nonprofit corporation, or a person in charge of an approved nonprofit corporation’s business at a place of business.’. (5) Schedule 2, section 2(4), ‘ limited real estate agent’s licence ’ — omit, insert— ‘ limited real estate agent’s licence (business letting) ’. (6) Schedule 2, section 2(4)— insert— ‘ affordable housing rental scheme means a scheme, to provide affordable rental housing, that is approved by the chief executive of the department in which the HousingAct2003 is administered . approved nonprofit corporation means a nonprofit corporation that—

s4 4 s4 Property Agents and Motor Dealers Amendment No. 313, 2004 Regulation (No. 1) 2004 (a) is a registered provider under the Housing Act 2003; and (b) provides a service consisting of letting and collecting rents under an affordable housing rental scheme. limited real estate agent’s licence (affordable housing) means a real estate agent’s licence that authorises the holder of the licence to perform only the following activities mentioned in section 128(1) of the Act under an affordable housing rental scheme— (a) to let places of residence; (b) to collect rents; (c) to negotiate for the letting of places of residence.’. ENDNOTES 1 Made by the Governor in Council on 16 December 2004. 2 Notified in the gazette on 17 December 2004. 3 Laid before the Legislative Assembly on . . . 4 The administering agency is the Office of Fair Trading. © State of Queensland 2004