Property Occupations Regulation 2014

This section applies to a sale of livestock by auction by an auctioneer.

Before the auction, the auctioneer must—

enter in the auctioneer’s livestock auction book—

a description of the livestock; and

the number of livestock; and

the name and address of the client for whom the auctioneer is selling the livestock; and

if livestock is to be sold on other than a cash basis—obtain a written authority for the sale—

signed by the client; and

stating the auctioneer must pay to the client only the money actually paid to the auctioneer for the sale of the livestock, less the auctioneer’s commission and authorised expenses.

At the start of the auction the auctioneer must—

announce the name of the client for whom the auctioneer is selling the livestock to the bidders present at the auction; and

if the auction is being conducted online, display the name of the client for whom the auctioneer is selling the livestock to each person who may bid online during the auction.

After selling the livestock at auction, the auctioneer must, as soon as practicable, enter in the auctioneer’s livestock auction book—

the date of the auction of the livestock; and

the buyer’s name; and

the price paid by the buyer.

The auctioneer must keep both of the following at the auctioneer’s registered office—

the auctioneer’s livestock auction book;

any written authority for the sale obtained under subsection (2)(b).