Property Agents and Land Transactions Act 2016
76Certain bidding agreements unlawful
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76 Certain bidding agreements unlawful
(1) In this section –
dealer means a person who in the normal course of business attends auctions to purchase property for resale.
(2) A dealer must not give, agree to give or offer a gift or any other consideration to a person as an inducement or reward for abstaining or having abstained from bidding at an auction.
Penalty: Fine not exceeding 500 penalty units.
(3) A person must not accept, agree to accept or attempt to obtain from a dealer a gift or any other consideration for abstaining or having abstained from bidding at an auction.
Penalty: Fine not exceeding 500 penalty units.