Queensland Consolidated Acts

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INTRODUCTION AGENTS ACT 2001 - SECT 7

7 Meaning of associated person and effective control

(1) An associated person of an applicant for a licence or a licensee is a person who is not an applicant for a licence or a licensee but nevertheless is, or would be if the licence were granted, in effective control of the applicant's or licensee's business.

(2) A person who is in effective control of a business includes a person who--

(a) is regularly or usually in charge of the business; or
(b) regularly directs staff of the business in their duties; or
(c) is in a position to control or influence substantially the business.

(3) If an applicant for a licence or a licensee is a corporation, an executive officer of the corporation is taken to be an associated person of the applicant or licensee.



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