In NSW Dummy Bidders Now Face $55K Fine

From domain.com.au

“Tougher dummy bidding laws were introduced to the real-estate industry last weekend on one of the year’s busiest auction days last Saturday.”

But contrary to what Fair Trading Minister Diane Beamer suggests in the article, we do not believe that increased penalties enhance consumer confidence in auctions or the real estate industry. Should any consumer have faith in a system where higher penalties are needed?

(See the full story at domain.com.au)