Auctioneers Act 2013

4 Interpretation

(1)

In this Act, unless the context otherwise requires,—

auction means a process in which property of any kind (including goods, services, and interests in land) is offered for sale by an auctioneer on behalf of a vendor, and—

(a)

bids for the property are placed with the auctioneer in real time, whether in person, by telephone, via the Internet, or by any other means; and

(b)

the property is sold when the auctioneer so indicates

chief executive means the chief executive of the department of State that, with the authority of the Prime Minister, is for the time being responsible for the administration of this Act

person concerned in the management of a company means—

(a)

a director of the company, as that term is defined in section 126 of the Companies Act 1993:

(b)

the chief executive of the company, or any person occupying the equivalent position

register means the register of auctioneers maintained by the Registrar under section 21

registered auctioneer means an individual or a company that is registered under this Act as an auctioneer

Registrar means the Registrar of Auctioneers appointed under section 19

vendor, in relation to an auction, means the person whose property is offered for sale by an auctioneer.

(2)

To avoid doubt, a process of selling property is not necessarily an auction for the purpose of this Act just because it is described as an auction. For example, a process described as an Internet auction, but that provides that any contract of sale resulting from the process is a contract directly between the winner of the bidding and the seller of the property, is not an auction for the purpose of this Act.