Intellectual Property Rights from Publicly Financed Research and
R 385
Consumer Protection Act, 2008 (Act No. 68 of 2008)RegulationsConsumer Protection Act Regulations19. Mandatory advertising of auctions |
| 1) | Subject to regulations 33, no goods may under any circumstance whatsoever be sold by auction unless the inclusion of such a particular item or lot or service in that auction has been advertised in compliance with these regulations in such a manner that the general public has had a reasonable opportunity to become aware of the auction, the goods on offer and of the rules governing the auction. |
| 2) | The onus to prove that an auction was advertised as contemplated in subregulation (1) rests on the auctioneer. |
| 3) | An auctioneer must for purposes of subregulation (1) advertise the auction of a particular item or lot at least 24 hours prior to the commencement of the auction, but – |
| a) | any goods may be withdrawn at any time prior to the commencement of the auction; |
| b) | in the event of an auction where goods offered for sale include immovable property, this period must exceed five business days. |
| 4) | If an auction or part thereof relates to goods sold in execution or by order of court, the advertisement must clearly state that fact. |
