Queensland Numbered Acts

PROPERTY AGENTS AND MOTOR DEALERS AND OTHER ACTS AMENDMENT ACT 2006 No. 10 - SECT 49

Section 239--

insert--

'(3) Also, an auctioneer must announce, immediately before the auction of any restorable vehicle--

(a) that the vehicle is a restorable vehicle because it is more than 20 years old and is for sale for restoration; and

(b) that it is a condition of the sale of a restorable vehicle that if the vehicle is sold, the registered bidder to whom it is sold is taken to waive the statutory warranty for the vehicle when the contract for its purchase is entered into; and

(c) that the auctioneer will not accept bids from a person who is not a registered bidder.

Maximum penalty--100 penalty units.

'(4) An auctioneer does not contravene subsection (3) if--

(a) 2 or more restorable vehicles are to be auctioned in consecutive lots; and

(b) immediately before the first of the vehicles in the consecutive lots is to be auctioned, the auctioneer identifies the vehicles and announces that it is a condition of each of the sales that a registered bidder who purchases the vehicle is taken to waive its statutory warranty when the contract for its purchase is entered into.'.