Queensland Numbered Acts Queensland Numbered Acts(1) This section applies to an auction of goods by an auctioneer.
(2) An auctioneer must not charge the buyer of the goods a buyer's premium unless—
(a) the auctioneer—
(i) before the auction, obtains the written consent of the owner of the goods; and
(ii) discloses, in the way prescribed under a regulation, that a buyer's premium is payable on the purchase of the goods; and
(b) the premium is not more than the amount prescribed or worked out under a regulation.
Maximum penalty—200 penalty units.
(3) The auctioneer does not act for the buyer of the goods only because the agent accepts a buyer's premium from the buyer.
(4) In this section—
buyer's premium means an amount payable to an auctioneer by a buyer on the purchase of goods.
owner, of goods, includes a person who is lawfully entitled to sell the goods.