Registration requirements

5 Registration of person carrying on business as auctioneer

(1)

A person must not carry on business as an auctioneer unless the person is registered under this Act as a registered auctioneer.

(2)

Subsection (1) is subject to the exceptions provided in—

(a)

sections 48 and 49 of the Real Estate Agents Act 2008; and

(b)

section 141 of the Motor Vehicle Sales Act 2003; and

(c)

any other enactment.

(3)

A person carries on business as an auctioneer if the person, in trade, charges a fee or commission for, or requires the payment of any part of the proceeds of, a sale by auction, other than as an employee or agent of a registered auctioneer.

Section 5(2)(a): amended, on 8 September 2018, by section 87(2) of the Statutes Amendment Act 2018 (2018 No 27).