Price Exploitation Prevention Act 1949

(1) The Controller or a Deputy Controller may, by order or by notice in writing to any person selling or offering for sale by auction any declared goods, prohibit any such sale or require such terms and conditions as he thinks fit to be complied with in connection with any such sale.

(2) A person shall not sell, or offer to sell, by auction, any declared goods in contravention of any order or notice under this section.

Maximum penalty: If the offender is a natural person – 100 penalty units.

If the offender is a body corporate – 500 penalty units.

(3) The Controller must specify in an order or notice under this section the date, not more than 12 months after the date on which the order is made or the notice is given, after which the order or notice is to cease to be of effect.

(a) is of no effect unless a date is specified in the order or notice under subsection (3); and

(b) ceases to be of effect after the date specified under subsection (3), unless the order or notice is earlier revoked.