New South Wales Consolidated Acts

PROPERTY AND STOCK AGENTS ACT 2002 - SECT 84

84 Livestock auctions--"comeback" prohibited

(1) An auctioneer must not, at an auction for the sale of livestock, sell by auction any lot for a price lower than any price bid in relation to the sale of that lot.

(2) For the purposes of this section, a price is bid if it is called by a prospective purchaser or is attributed to a prospective purchaser by the auctioneer as being the amount of a bid, and is not withdrawn by the prospective purchaser prior to the sale of that lot.