The law says that the Auctioneers Act 1928 is no longer in effect. This means that the rules about auctioneers that were made in 1928 are now cancelled.
The Auctioneers Regulations 1958 are also no longer in effect. These were additional rules about auctioneers that were made in 1958, and now they're cancelled too.
Some other laws have been changed because of this new law. You can find a list of these changes in Part 2 of the Schedule. The Schedule is a part of the law that lists important information.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM5788558.
The Auctioneers Act 1928 (1928 No 29) is repealed.
The Auctioneers Regulations 1958 (SR 1958/25) are repealed.
The enactments set out in Part 2 of the Schedule are consequentially amended as set out in that schedule.
