New South Wales Consolidated Regulations
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PROPERTY AND STOCK AGENTS REGULATION 2014 - REG 13
Keeping the Bidders Record
13 Keeping the Bidders Record
(1) A licensee who acts on the sale of property that is offered for sale by
auction must make and keep as part of the records that the licensee is
required to make by section 104 of the Act in respect of the sale a record of
the name, business address and licence number of the licensee who made the
Bidders Record for the auction. Note : The licensee who makes a Bidders Record
is responsible for keeping it.
(2) A licensee who keeps a Bidders Record in
electronic form must also keep, as part of the licensee's records with respect
to auction sales to which the Bidders Record relates, a record of such details
as will enable the Bidders Record to be located and accessed in the electronic
records of the licensee.
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