Session 2012-13
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Enterprise and Regulatory Reform Bill
AMENDMENT
TO BE MOVED
ON REPORT
After Clause 63
LORD CAMPBELL-SAVOURS
Insert the following new Clause—
“Property auctions: guide price not to be less than reserve price
After section 3 of the Auctions (Bidding Agreements) Act 1969, insert the following new section—
“3A Property auctions: guide price not to be less than reserve price
Where a reserve price has been set at a public auction for land or real property, the reserve price for that land or real property shall not exceed the guide price, or the lower figure in a range of guide prices, indicated in any publication by the auctioneer.””