NSWIn ForceAct
Property and Stock Agents Act 2002
71Approved consumer education guide for bidders at auctions
Start here
Get a plain-English read of 71
Turn the raw legal text into a practical explanation grounded in Property and Stock Agents Act 2002.
#### 71 Approved consumer education guide for bidders at auctions
71 Approved consumer education guide for bidders at auctions
> > (1) The Secretary may from time to time approve a consumer education guide for prospective bidders at an auction of residential property or rural land.
>
> > (2) A real estate agent or stock and station agent engaged to act in respect of the sale by auction of residential property or rural land must take all reasonable steps to ensure that a person who bids at the auction has been provided before the auction with a copy of the consumer education guide currently approved under this section.
> >
> > Maximum penalty—40 penalty units.
>
> **s 71:** Am 2003 No 40, Sch 1.39 \[2\].