New South Wales Consolidated Acts

PROPERTY AND STOCK AGENTS ACT 2002 - SECT 70

70 Confidentiality of Bidders Record

(1) An agent who makes a Bidders Record, and any auctioneer to whom the contents of a Bidders Record are disclosed under this Division, must not--

(a) divulge any information that the Bidders Record contains except as authorised or required by this Division, and

(b) must not use the Bidders Record or the information that it contains for any purpose not authorised by this Division.

: Maximum penalty--100 penalty units.

(2) This section does not prevent the divulging of information to an authorised officer in accordance with a requirement imposed by or under this Act.