sec.136Beneficial interest—options

### sec.136 Beneficial interest—options This section applies to goods placed by a person ( client ) with a chattel auctioneer for sale. The chattel auctioneer commits an offence if the chattel auctioneer obtains from the client an option to purchase the goods in which the chattel auctioneer has a beneficial interest. Maximum penalty—200 penalty units or 3 years imprisonment. A chattel auctioneer must not sell goods if the chattel auctioneer obtains a beneficial interest in an option to purchase the goods. Maximum penalty—200 penalty units or 3 years imprisonment. A person may make a claim, under the Administration Act , against the fund if the person suffers financial loss because of a contravention of this section. (sec.136-ssec.1) This section applies to goods placed by a person ( client ) with a chattel auctioneer for sale. (sec.136-ssec.2) The chattel auctioneer commits an offence if the chattel auctioneer obtains from the client an option to purchase the goods in which the chattel auctioneer has a beneficial interest. Maximum penalty—200 penalty units or 3 years imprisonment. (sec.136-ssec.3) A chattel auctioneer must not sell goods if the chattel auctioneer obtains a beneficial interest in an option to purchase the goods. Maximum penalty—200 penalty units or 3 years imprisonment. A person may make a claim, under the Administration Act , against the fund if the person suffers financial loss because of a contravention of this section.