Document ID: chunk:federal_register_of_legislation:F2022L01037:clause:4_15
Version: federal_register_of_legislation:F2022L01037
Segment Type: clause
Provision Reference: sch 4 cl 15
Character Range: 78557–80818

15  After subsection 7.3.31.3
    Insert:
4.  In this section auctioneer means a person conducting business as an auctioneer who is registered or licensed, as required by the law of the state or territory where they do business.
5.  In this section professional fees and disbursements means fees that meet all the following.
    a.                                                                                                                                                                                       They are fees for work performed by a solicitor, land broker or conveyancer relating to a sale or purchase and related disbursements that include any of the following.
                                                                                                                                                                                             i.                                                                                                                                                                       Fees for a valuation, pest inspection, building inspection, survey or similar.
                                                                                                                                                                                             ii.                                                                                                                                                                      Fees that are be incurred by the solicitor, land broker or conveyancer on the member's or eligible person's behalf.
                                                                                                                                                                                             iii.                                                                                                                                                                     Mandatory fees imposed by relevant State or local authorities
    b.                                                                                                                                                                                       They are not fees for arranging or negotiating a mortgage.