New South Wales Consolidated Acts

PROPERTY AND STOCK AGENTS ACT 2002 - SECT 81

81 Restrictions on bidding by or on behalf of seller or auctioneer of livestock

(1) A sale by auction of livestock may be notified in the conditions of sale to be subject to the right by the seller or by any person on behalf of the seller or auctioneer to make 1 bid or such other number of bids as may be prescribed by the regulations.

(2) At a sale by auction of livestock--

(a) the seller or any person on behalf of the seller or auctioneer must not bid unless the right to bid has been notified in the conditions of sale, and

(b) the seller or any person on behalf of the seller or auctioneer must not make more than the number of bids notified in the conditions of sale, and

(c) the auctioneer must not take from the seller or any person on behalf of the seller or auctioneer any bid knowing that the bid is in contravention of this section.

: Maximum penalty--50 penalty units.