Plain language law

New Zealand law explained for everyone

Fair Trading Act 1986

Consumer transactions and auctions - Auctions

36Y: Application of subpart

You could also call this:

“This part explains who the rules about auctions apply to”

This part of the law talks about auctions. It applies to two types of people who run auctions:

  1. People who are officially registered as auctioneers.

  2. People who work as auctioneers even if they’re not officially registered. These are people who regularly run auctions as part of their job.

The law uses a special definition of ‘auctioneer’ that you can find in another part of the law called the Auctioneers Act 2013. This definition helps decide who counts as an auctioneer, even if they’re not registered.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6156666.

Topics:
Business > Fair trading
Business > Industry rules
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36X: Definitions, or

“What some important words mean in this part of the law about buying and selling”

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36Z: Each lot is separate contract of sale, or

“Each piece of property sold at an auction is its own separate deal”

Part 4A Consumer transactions and auctions
Auctions

36YApplication of subpart

  1. This subpart applies to auctions conducted by or on behalf of—

  2. a registered auctioneer; or
    1. any other person who carries on business as an auctioneer (within the meaning given in section 5(3) of the Auctioneers Act 2013), whether or not a registered auctioneer.

      Notes
      • Section 36Y: inserted, on , by section 23 of the Fair Trading Amendment Act 2013 (2013 No 143).