New South Wales Consolidated Regulations

PROPERTY AND STOCK AGENTS REGULATION 2014 - REG 14

14 Proof of identity for Bidders Record

(1) Any of the following forms of proof of identity may be used for a person for the purposes of an entry in a Bidders Record--

(a) a card or document that is issued by the government or a statutory authority of New South Wales, the Commonwealth, another State or a Territory, or by an authorised deposit-taking institution and that--

(i) shows the name and address of the person, or

(ii) shows the name of the person (but only if it is accompanied by a statutory declaration by the person as to the person's address),

(b) a combination of cards or documents--

(i) that show the name and address of the person, and

(ii) one of which is issued by the government or a statutory authority of New South Wales, the Commonwealth, another State or a Territory, or by an authorised deposit-taking institution,

(c) a passport or motor vehicle driver's licence issued under the law of a jurisdiction outside Australia that shows the person's name, together with--

(i) a card or document that is issued by an organisation or person other than the person concerned and that shows the person's address, or

(ii) a statutory declaration by the person as to the person's address.

(2) If the relevant details of a person are entered in the Bidders Record for an auction of property before the day of the auction or otherwise than at the place the auction is held, the person must not be provided with the identifying number allocated for the purposes of identification at the auction unless the person's identity is established by means of proof of identity that may be used for the purposes of any entry in the Bidders Record under section 69 of the Act.

(3) An agent or employee of an agent who provides an identifying number to a person in contravention of subclause (2) is guilty of an offence.

: Maximum penalty--

(a) 40 penalty units in the case of a corporation, or

(b) 20 penalty units in any other case.