Queensland Consolidated Acts Queensland Consolidated Acts(1) This section applies to an introduction agreement only if--
(a) the contract price for the agreement is at least the amount prescribed under a regulation or, if no amount is prescribed, at least $500; or
(b) the total of the contract price for the agreement and all other amounts that the person entering into the agreement with the introduction agent paid, or became liable to pay, the agent for any other introduction agreements--
(i) in the 30 days immediately before the date the agreement was signed--is at least the amount prescribed under a regulation or, if no amount is prescribed, at least $500; or
(ii) in the 12 months immediately before the date the agreement was signed--is at least the amount prescribed under a regulation or, if no amount is prescribed, at least $2500.
(2) An introduction agent must not, before any part of an introduction service is provided under the agreement, demand of, or receive from, a client or someone else on the client's behalf, an amount that is more than the prepayment limit for the agreement.
Maximum penalty--200 penalty units.
(3) An associated person of an introduction agent must not, before any part of an introduction service is provided under the agreement, demand of, or receive from, a client or someone else on the client's behalf, an amount that is more than the prepayment limit for the agreement.
Maximum penalty--200 penalty units.