s. 39 (b) the conditions under which the auction is conducted permit the making of bids by a vendor to purchase the interest of another coowner in the land; and (c) before any bidding started, the auctioneer orally declared at the auction that a vendor may make bids to purchase the interest of a co-owner in the land. (7) In subsection (6), means a joint tenant, S. 38(7) co-owner inserted by whether at law or in equity or a tenant in common, No. 103/2004 s. 70(1). whether at law or in equity, of the land. S. 39 39 Offences by auctioneers inserted by No. 41/2003 (1) The auctioneer of land at a public auction must s. 3. not accept a bid at the auction if he or she knows that the bid was made by, or on behalf of, a vendor of the land. 240 penalty units. (2) The auctioneer of land at a public auction must not acknowledge the making of a bid at the auction if no bid was made. 240 penalty units. S. 39(3) (3) Subsection (1) does not apply to a bid made in inserted by accordance with section 38(6). No. 103/2004 s. 70(2). S. 40 40 Offence to procure dummy bid inserted by No. 41/2003 A person must not procure another person to make s. 3. a bid at a public auction of land that is contrary to section 38. In the case of a body corporate: 600 penalty units. In any other case: 240 penalty units.
(b) the conditions under which the auction is conducted permit the making of bids by a vendor to purchase the interest of another coowner in the land; and (c) before any bidding started, the auctioneer orally declared at the auction that a vendor may make bids to purchase the interest of a co-owner in the land. S. 38(7) inserted by No. 103/2004 s. 70(1). (7) In subsection (6), co-owner means a joint tenant, whether at law or in equity or a tenant in common, whether at law or in equity, of the land. S. 39 inserted by No. 41/2003 s. 3. 39 Offences by auctioneers s. 39 (1) The auctioneer of land at a public auction must not accept a bid at the auction if he or she knows that the bid was made by, or on behalf of, a vendor of the land. 240 penalty units. (2) The auctioneer of land at a public auction must not acknowledge the making of a bid at the auction if no bid was made. 240 penalty units. S. 39(3) inserted by No. 103/2004 s. 70(2). (3) Subsection (1) does not apply to a bid made in accordance with section 38(6). S. 40 inserted by No. 41/2003 s. 3. 40 Offence to procure dummy bid A person must not procure another person to make a bid at a public auction of land that is contrary to section 38. In the case of a body corporate: 600 penalty units. In any other case: 240 penalty units.
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