sec.14Sale of goods, other than livestock, by chattel auctioneers— Act , s 236 (2) (a) (ii)

sec.14 Sale of goods, other than livestock, by chattel auctioneers— Act , s 236 (2) (a) (ii)

This section applies if— a person places goods with a chattel auctioneer for sale; or a chattel auctioneer sells goods belonging to the auctioneer. When the person places the goods with the chattel auctioneer for sale, the auctioneer must enter in the auctioneer’s auction store book— a description of the goods; and the details of any mark, number or other particular relied upon for the identification of the goods; and the reserve price, if any, for the goods for the auction; and for goods other than goods belonging to the auctioneer— the name and address of the seller or person who delivered the goods to the auctioneer; and the date the goods were delivered to the auctioneer. Maximum penalty—10 penalty units. For subsection (2) , the chattel auctioneer may group the goods and enter them in the auctioneer’s auction store book as 1 item if— the goods consist of articles; and the articles are delivered to the auctioneer by 1 person; and the lot value of the articles is not more than $50. Within 24 hours after selling the goods at auction, the chattel auctioneer must enter in the auctioneer’s auction sales book— the date of the auction; and a description of the goods; and the sale price paid for the goods at the auction; and the name and address of the buyer of the goods; and a cross-reference to the relevant entry for the goods in the auctioneer’s auction store book. Maximum penalty—10 penalty units. The auctioneer must keep the following at the auctioneer’s registered office— the auction store book; the auction sales book. Maximum penalty—10 penalty units. In this section— goods does not include livestock. (sec.14-ssec.1) This section applies if— a person places goods with a chattel auctioneer for sale; or a chattel auctioneer sells goods belonging to the auctioneer. (sec.14-ssec.2) When the person places the goods with the chattel auctioneer for sale, the auctioneer must enter in the auctioneer’s auction store book— a description of the goods; and the details of any mark, number or other particular relied upon for the identification of the goods; and the reserve price, if any, for the goods for the auction; and for goods other than goods belonging to the auctioneer— the name and address of the seller or person who delivered the goods to the auctioneer; and the date the goods were delivered to the auctioneer. Maximum penalty—10 penalty units. (sec.14-ssec.3) For subsection (2) , the chattel auctioneer may group the goods and enter them in the auctioneer’s auction store book as 1 item if— the goods consist of articles; and the articles are delivered to the auctioneer by 1 person; and the lot value of the articles is not more than $50. (sec.14-ssec.4) Within 24 hours after selling the goods at auction, the chattel auctioneer must enter in the auctioneer’s auction sales book— the date of the auction; and a description of the goods; and the sale price paid for the goods at the auction; and the name and address of the buyer of the goods; and a cross-reference to the relevant entry for the goods in the auctioneer’s auction store book. Maximum penalty—10 penalty units. (sec.14-ssec.5) The auctioneer must keep the following at the auctioneer’s registered office— the auction store book; the auction sales book. Maximum penalty—10 penalty units. (sec.14-ssec.6) In this section— goods does not include livestock.