The law is changing some rules about who can run auctions. Before, in some situations, people who weren't registered auctioneers could run auctions. Now, the law is taking away those special cases. This means that in the future, you'll need to be a registered auctioneer to run an auction. The exact changes are written down in a part of the law called Part 1 of the Schedule. These changes will make sure that only people who are officially registered as auctioneers can run auctions.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM5788557.
The enactments set out in Part 1 of the Schedule are amended as set out in that schedule, for the purpose of removing certain exemptions that allow auctions in some circumstances to be conducted by a person other than a registered auctioneer.
