A Queensland agent engages in 'dummy bidding' at an auction by arranging for a friend to place false bids to drive up the price. This conduct is:
Correct Answer
B) A criminal offence under Queensland auction legislation, carrying significant penalties
Dummy bidding (collusive bidding) is illegal in Queensland. It artificially inflates the price and deceives genuine bidders. It constitutes fraud and is an offence under the Property Occupations Act 2014 and potentially the Criminal Code, with significant penalties including fines and imprisonment.
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