Agricultural Produce Agents Act.

This Act establishes the Agricultural Produce Agents Council to regulate, control and supervise the profession of fresh produce, export and livestock agents. The Act also establishes the Fresh Produce Agents Fidelity Fund. The functions of the Council shall include the formulation of policy and establishment of rules and codes of conduct regarding the profession of agents specified Part A or Part B of Schedule 1. The Fund shall be controlled and administered by the council in accordance with the provisions of this Act. No person shall perform any act as a fresh produce agent unless he or she is the holder of a fidelity fund certificate. Each fresh product agent shall establish a trust account. A fresh produce agent shall pay to his principal from his or her trust account the proceeds of the sale of an agricultural product after he or she has deducted from such proceeds his or her agreed remuneration and the other reasonable expenses incurred by him or her in connection with the sale of that agricultural product