Form R4 - Bidders Guide printable pdf download

Form R4

Bidders Guide

Guide to the sale of residential property by auction

Land and Business (Sale and Conveyancing) Act 1994 section 24I

and section 24J(1)(f)

Under the Act, the real estate agent responsible for this auction must provide each person

registered on the bidders register with this guide.

Who needs to register?

Any person who intends to bid at an auction for residential property must register.

Registering for an auction does not mean you must bid. Registering simply gives you the

right to bid. You can register with the agent at any time before the auction, such as when you

inspect the property, or on the day of the auction.

If you are bidding to buy the property jointly, for example, with a spouse or partner, only one

person needs to register, however, only that person will be able to bid at the auction.

If you are bidding on behalf of another person you will need to provide that person’s name and

present a copy of a document signed by that person that authorises you to bid on their behalf.

Proof of identity

To register, you must show the agent one of the following*:

• a current document or card issued to you from a Commonwealth, State, Territory

or local government authority (e.g. passport, driver’s licence, or pension/health

concession card, council or water rates notice)

• a document or card issued to you from a utility company (e.g. an electricity supply

company)

• a document or card issued to you by a bank (e.g. visa card)

• a passport issued to you by a foreign government.

*you do not need to leave the document with the agent or allow them to make a copy

If you are bidding on behalf of another person, you must also provide a copy of one of the

documents listed above that has been issued to that person.

It is against the law to provide false information for entry onto the bidders register.

What happens at registration?

Once you have registered, the agent will provide you with a unique identifier (comprising a number,

letter, colour or some other identifying feature). Each time you make a bid you must display this unique

identifier.

January 2014

Form R4 - Bidders Guide