sec.15Sales of livestock by chattel auctioneers— Act , s 236 (2) (a) (ii)

sec.15 Sales of livestock by chattel auctioneers— Act , s 236 (2) (a) (ii)

This section applies to a sale of livestock by auction by a chattel auctioneer. Before the auction, the chattel auctioneer must— enter in the auctioneer’s livestock auction book— a description of the livestock; and the number of livestock; and the name and address of the client for whom the auctioneer is selling the livestock; and if livestock is to be sold on other than a cash basis—obtain a written authority for the sale— signed by the client; and stating the auctioneer must pay to the client only the money actually paid to the auctioneer for the sale of the livestock, less the auctioneer’s commission and authorised expenses. Maximum penalty—10 penalty units. At the start of the auction the chattel auctioneer must— announce the name of the client for whom the auctioneer is selling the livestock to the bidders present at the auction; and if the auction is being conducted online, display the name of the client for whom the auctioneer is selling the livestock to each person who may bid online during the auction. Maximum penalty—10 penalty units. After selling the livestock at auction, the chattel auctioneer must, as soon as practicable, enter in the auctioneer’s livestock auction book— the date of the auction of the livestock; and the buyer’s name; and the price paid by the buyer. Maximum penalty—10 penalty units. The chattel auctioneer must keep both of the following at the auctioneer’s registered office— the auctioneer’s livestock auction book; any written authority for the sale obtained under subsection (2) (b) . Maximum penalty—10 penalty units. (sec.15-ssec.1) This section applies to a sale of livestock by auction by a chattel auctioneer. (sec.15-ssec.2) Before the auction, the chattel auctioneer must— enter in the auctioneer’s livestock auction book— a description of the livestock; and the number of livestock; and the name and address of the client for whom the auctioneer is selling the livestock; and if livestock is to be sold on other than a cash basis—obtain a written authority for the sale— signed by the client; and stating the auctioneer must pay to the client only the money actually paid to the auctioneer for the sale of the livestock, less the auctioneer’s commission and authorised expenses. Maximum penalty—10 penalty units. (sec.15-ssec.3) At the start of the auction the chattel auctioneer must— announce the name of the client for whom the auctioneer is selling the livestock to the bidders present at the auction; and if the auction is being conducted online, display the name of the client for whom the auctioneer is selling the livestock to each person who may bid online during the auction. Maximum penalty—10 penalty units. (sec.15-ssec.4) After selling the livestock at auction, the chattel auctioneer must, as soon as practicable, enter in the auctioneer’s livestock auction book— the date of the auction of the livestock; and the buyer’s name; and the price paid by the buyer. Maximum penalty—10 penalty units. (sec.15-ssec.5) The chattel auctioneer must keep both of the following at the auctioneer’s registered office— the auctioneer’s livestock auction book; any written authority for the sale obtained under subsection (2) (b) . Maximum penalty—10 penalty units.