SALE OF LAND REGULATIONS 2005 (SR NO 28 OF 2005) - REG 6 How information relating to the auction is to be made available
SALE OF LAND REGULATIONS 2005 (SR NO 28 OF 2005) - REG 6
How information relating to the auction is to be made available(1) The auctioneer of land at a public auction to which regulation 5(1) applies must ensure that, in addition to the requirements of section 43 of the Sale of Land Act 1962 , the following items are available for public inspection a reasonable time before the auction starts and in any case not less than 30 minutes before the auction starts—
(a) the rules set out in Schedule 1; and
(b) the information in Schedule 5; and
(c) any other conditions applying to the auction.
Penalty: 5 penalty units.
(2) The auctioneer of land at a public auction to which regulation 5(2) applies must ensure that, in addition to the requirements of section 43 of the Sale of Land Act 1962 , the following items are available for public inspection a reasonable time before the auction starts and in any case not less than 30 minutes before the auction starts—
(a) the rules set out in Schedule 2; and
(b) the information in Schedule 5; and
(c) any other conditions applying to the auction.
Penalty: 5 penalty units.
(3) The auctioneer of land at a public auction to which regulation 5(3) applies must ensure that, in addition to the requirements of section 43 of the Sale of Land Act 1962 , the following items are available for public inspection a reasonable time before the auction starts and in any case not less than 30 minutes before the auction starts—
(a) the rules set out in Schedule 3; and
(b) the information in Schedule 5; and
(c) any other conditions applying to the auction.
Penalty: 5 penalty units.
(4) The auctioneer of land at a public auction to which regulation 5(4) applies must ensure that, in addition to the requirements of section 43 of the Sale of Land Act 1962 , the following items are available for public inspection a reasonable time before the auction starts and in any case not less than 30 minutes before the auction starts—
(a) the rules set out in Schedule 4; and
(b) the information in Schedule 5; and
(c) any other conditions applying to the auction.
Penalty: 5 penalty units.
(5) The auctioneer of land at a public auction must ensure that the rules set out in Schedule 1, 2, 3 or 4 that are made available at the auction are printed or typed—
(a) in plain text in a font of at least 20 point; and
(b) in a form that is easily legible; and
(c) in a manner that provides a clear contrast between the typeface of the rules and the background on which they are printed or typed.
Penalty: 5 penalty units.
(6) The auctioneer of land at a public auction to which the rules set out in Schedule 1 apply must ensure that it is made clear which of the 2 alternatives to rule 1 in Schedule 1 is to apply at the auction.
Penalty: 5 penalty units.