66AOffences by auctioneers

#### 66A Offences by auctioneers 66A Offences by auctioneers > > (1) At a sale by auction of residential property or rural land, the auctioneer— > > > > > (a) must not acknowledge the making of a bid if the bid was not made, and > > > > > (b) must not accept a bid if the auctioneer knows that the bid was made by or on behalf of the seller in contravention of section 66, and > > > > > (c) must not make more than one bid on behalf of the seller. > > > > Maximum penalty—250 penalty units. > > > (2) An auctioneer at a sale by auction of residential property or rural land must not make a bid on behalf of the seller unless— > > > > > (a) the conditions under which the auction is conducted permit the making of one bid by the auctioneer on behalf of the seller, and > > > > > (b) the auctioneer announced at the auction, before the start of bidding, that the auctioneer is permitted to make one bid on behalf of the seller, and > > > > > (c) immediately before, or in the process of, making the bid, the auctioneer announces that the bid is made on behalf of the seller or announces “vendor bid”. > > > > Maximum penalty—250 penalty units. > > > (3) Merely announcing the name of the person on whose behalf a bid is made (without stating that the person is the seller) is not sufficient to constitute announcing that the bid is made on behalf of the seller. > > **s 66A:** Ins 2006 No 4, Sch 1 \[16\].