A person arrives at an Adelaide house auction and wants to bid straight away without registering. What does SA law require?
Correct Answer
A) She must register before bidding and is identified by a unique identifier
Section 24K of the Land and Business (Sale and Conveyancing) Act 1994 (SA) requires all prospective bidders at an auction to be registered before bidding, and bidders are identified at the auction by a unique identifier. Failing to comply with the registration rules can attract a penalty of up to $10,000.
Why This Is the Correct Answer
SA bidders must register before bidding and are identified by a unique identifier.
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