Disclosure of beneficial interest to seller

Chattel auctioneers with a beneficial interest in a sale must give the seller a completed Chattel auctioneer disclosure of beneficial interest to seller form (Form 10).

This includes if the buyer is:

• yourself
• a member of your family
• your business associate or employee
• an executive officer of your corporation.

Penalties apply if you fail to disclose your interest.

This is a requirement of the Motor Dealers and Chattel Auctioneers Act 2014.

No fees apply

Cooling-off period and statutory warranty to buyer

Chattel auctioneers must complete the Cooling-off period and statutory warranty (motor dealer or chattel auctioneer to buyer) form (Form 12) and give it to the buyer immediately before completing the contract of sale for a vehicle.

It includes details about:

• the cooling-off period
• the statutory warranty.

This is a requirement of the Motor Dealers and Chattel Auctioneers Act 2014.

No fees apply

More information

Read more about disclosing your interests in chattel auction transactions.