Property, Stock and Business Agents Act 1997 Property, Stock and Business Agents (General) Amendment Regulation 1997 (1997-52) [GG No 18 of 14.2.1997, p 550] (NSW)

1997 No 52

New South Wales

Property, Stock and Business Agents

(General) Amendment Regulation

1997

under the

Property, Stock and Business Agents Act 1941

His Excellency the Governor, with the advice of the Executive Council, has made the following Regulation under the Property, Stock and Business

Agents Act 1941.

FAYE LO PO´, M.P.,

Minister for Fair Trading

Explanatory note

The object of this Regulation is to omit item 7 of clause 39 (which makes full payment of the purchase price within a specified time a condition of sale by auction of land or livestock) from the Property, Stock and Business

Agents (General) Regulation 1993 in order to reduce unnecessary regulation.

The Meat Industry Review Group recently recommended that the clause be

omitted as it no longer has any public benefit.

This Regulation is made under the Property, Stock and Business Agents Act

1941, including sections 85B and 92 (the general regulation making power).

Published in Gazette No 18 of 14 February 1997, page 550 Page 1

1997 No 52

Clause 1 Property, Stock and Business Agents (General) Amendment Regulation 1997

Property, Stock and Business Agents (General)

Amendment Regulation 1997

1 Name of Regulation

This Regulation is the Property, Stock and Business Agents

(General) Amendment Regulation 1997.

2 Commencement

This Regulation commences on 14 February 1997.

3 Amendment of Property, Stock and Business Agents (General) Regulation 1993

The Property, Stock and Business Agents (General) Regulation

1993 is amended as set out in Schedule 1 .

4 Notes

The explanatory note does not form part of this Regulation.

Schedule 1 Amendment

(Clause 3)

Clause 39 Auction sales—prescribed	conditions
Omit item 7 from the clause.