Property Occupations Regulation 2014

For section 92(2)(a)(ii) of the Act, the auctioneer must disclose the percentage of the buyer’s premium payable on the purchase of goods at auction by—

including the required statement for the goods in each written advertisement for the auction; and

displaying the required statement for the goods in a way likely to be seen by each prospective bidder; and

at the start of the auction—

if bids may be made in person—announcing the required statement for the goods at the place where bidders may be present at the auction; and

if bids may be made online—displaying the required statement for the goods to each person who may bid online during the auction.

In this section—