Victorian Current Acts

SALE OF LAND ACT 1962 - SECT 39

    (1)     The auctioneer of land at a public auction must not accept a bid at the auction if he or she knows that the bid was made by, or on behalf of, a vendor of the land.

Penalty:     240 penalty units.

    (2)     The auctioneer of land at a public auction must not acknowledge the making of a bid at the auction if no bid was made.

Penalty:     240 penalty units.

S. 39(3) inserted by No. 103/2004 s. 70(2).

    (3)     Subsection (1) does not apply to a bid made in accordance with section 38(6).

S. 40 inserted by No. 41/2003 s. 3.