16 Obligation to notify Registrar of changes

(1)

A registered auctioneer must notify the Registrar if—

(a)

any of the following become disqualified from registration:

(i)

the registered auctioneer (whether an individual or a company):

(ii)

in the case of a registered auctioneer that is a company, a person concerned in the management of the company:

(b)

the registered auctioneer knows that any details on the register are no longer correct:

(c)

the registered auctioneer ceases to carry on business as an auctioneer.

(2)

Notification under subsection (1) must be made within 10 working days after the relevant matter is known to the registered auctioneer.

(3)

If, in the case of a registered auctioneer that is a company, a new person becomes concerned in the management of the company, the registered auctioneer must, within 20 working days,—

(a)

notify the Registrar, in writing, of the person’s full name, residential address, and date of birth; and

(b)

send to the Registrar a statement confirming that the person to whom the notice relates is not disqualified from registration.

(4)

An applicant for registration must notify the Registrar if the applicant becomes aware, before receiving notice of the decision on the application, that any information included in the application is not, or is no longer, true and correct.

Compare: 2003 No 12 ss 40, 40A