60Management of general auctioneering business

60 Management of general auctioneering business

(1)  A general auctioneer named in Part 3(1) of the Register must not carry on general auctioneering business unless the business is –

(a) carried on at an authorised place of business; and

(b) [Section 60 Subsection (1) amended by No. 40 of 2020, s. 20, Applied:04 May 2022] managed by a natural person who is –

(i) the general auctioneer; or

(ii) a general auctioneer named in Part 3(2) of the Register employed by the auctioneer.

Penalty:  Fine not exceeding 50 penalty units.

(2)  A general auctioneer must not manage a general auctioneering business unless it is carried on at an authorised place of business for that business.

Penalty:  Fine not exceeding 50 penalty units.