sec.129Proposal for assignment of appointments

### sec.129 Proposal for assignment of appointments This section applies if a chattel auctioneer who holds a chattel auctioneer appointment from a client proposes to assign the appointment to another chattel auctioneer ( proposed assignee ) without changing the terms of the appointment. However, this section does not apply to the assignment of a chattel auctioneer appointment if— the terms of the appointment authorise the assignment of the appointment; and the assignment is made under the terms of the appointment. At least 14 days before the chattel auctioneer assigns the appointment, the chattel auctioneer must give the client written notice of the proposed assignment. The notice must state the following— the proposed assignee’s name; that the appointment is to be assigned without changing its terms; the client may agree or refuse to agree to the proposed assignment; when the proposed assignment is to take effect. If the client agrees to the assignment and the chattel auctioneer assigns the appointment under this section, the appointment is taken, for section 125 , to be an appointment by the client of the proposed assignee and to continue to have effect according to its terms. (sec.129-ssec.1) This section applies if a chattel auctioneer who holds a chattel auctioneer appointment from a client proposes to assign the appointment to another chattel auctioneer ( proposed assignee ) without changing the terms of the appointment. (sec.129-ssec.2) However, this section does not apply to the assignment of a chattel auctioneer appointment if— the terms of the appointment authorise the assignment of the appointment; and the assignment is made under the terms of the appointment. (sec.129-ssec.3) At least 14 days before the chattel auctioneer assigns the appointment, the chattel auctioneer must give the client written notice of the proposed assignment. (sec.129-ssec.4) The notice must state the following— the proposed assignee’s name; that the appointment is to be assigned without changing its terms; the client may agree or refuse to agree to the proposed assignment; when the proposed assignment is to take effect. (sec.129-ssec.5) If the client agrees to the assignment and the chattel auctioneer assigns the appointment under this section, the appointment is taken, for section 125 , to be an appointment by the client of the proposed assignee and to continue to have effect according to its terms. - (a) the terms of the appointment authorise the assignment of the appointment; and - (b) the assignment is made under the terms of the appointment. - (a) the proposed assignee’s name; - (b) that the appointment is to be assigned without changing its terms; - (c) the client may agree or refuse to agree to the proposed assignment; - (d) when the proposed assignment is to take effect.