New South Wales Consolidated Acts

PROPERTY, STOCK AND BUSINESS AGENTS ACT 2002 - SECT 71

71 Approved consumer education guide for bidders at auctions

(1) The Director-General may from time to time approve a consumer education guide for prospective bidders at an auction of residential property or rural land.

(2) A real estate agent or stock and station agent engaged to act in respect of the sale by auction of residential property or rural land must take all reasonable steps to ensure that a person who bids at the auction has been provided before the auction with a copy of the consumer education guide currently approved under this section.

Maximum penalty: 40 penalty units.