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Fair Trading Act 1986

Consumer transactions and auctions - Auctions

36ZE: Bids may be withdrawn until end of auction

You could also call this:

"You can take back your bid at an auction until it ends."

Illustration for Fair Trading Act 1986

You can withdraw a bid at an auction before it ends. Any bid you make can be taken back before the auction is finished. You have the right to withdraw your bid until the end of the auction.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6156673.

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Topics:
Money and consumer rights > Consumer protection
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36ZD: Vendor bids, or

"Auction rules: when the seller can make a bid"

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36ZF: Account and payment of proceeds, or

"Getting your money after an auction"

Part 4AConsumer transactions and auctions
Auctions

36ZEBids may be withdrawn until end of auction

  1. Any bid at an auction may be withdrawn before the end of the auction.

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