Auction Sales Act 1973

Subject to this Act, —

the holder of a general licence or a restricted licence; or

with the written consent of the holder of that licence, a firm or corporation specified in any such licence as that for the benefit of which it is to be used,

On payment of the prescribed fee, and on being satisfied that the proposed trainee is a fit and proper person to hold a licence, the magistrate may grant to the proposed trainee, subject to such conditions, limitations or restrictions as he thinks fit, a licence to act as an auctioneer under the direct supervision and instruction of the licensed auctioneer specified in the application.

A provisional licence —

shall not be granted for a period of more than 2 months and shall take effect from the day therein specified;

shall not be granted with respect to the same person more than 3 times in any calendar year;

shall nominate the licensed auctioneer under whom the trainee is to receive instruction; and

shall not be granted otherwise than within the limits and during the currency of the licence held by the licensed auctioneer therein so nominated.

During the period any provisional licence is in force the licensed auctioneer therein nominated shall be personally liable and responsible for any act or default of the holder of the provisional licence in the same manner and to the same extent that he would have been liable had such act been done or such default made by him.

On an application made by the licensed auctioneer nominated in the provisional licence, the court by which the licence was granted may cancel or suspend a provisional licence for such period and on such conditions as in the circumstances of the case the magistrate thinks fit.

Where the licence of the licensed auctioneer therein nominated is surrendered, cancelled or suspended a provisional licence shall be deemed to have expired at the same time.