Mock Auctions Act 1961

Mock Auctions Act 1961

Long title An Act to prohibit certain practices in relation to sales purporting to be sales by auction.
Citation c.47
Dates
Royal assent 27 July 1961
Commencement 27 August 1961
Other legislation
Repealed by Consumer Protection from Unfair Trading Regulations 2008 (SI 2008/1277)
Status: Repealed
Text of statute as originally enacted
Text of the Mock Auctions Act 1961 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk

The Mock Auctions Act 1961 was an Act of the Parliament of the United Kingdom that regulated mock auctions. It was repealed by the Statutory Instrument "Consumer Protection from Unfair Trading Regulations 2008" (2008/1277).

Background

Attempts to pass an Act regulating mock auctions started in 1928, with the Mock Auctions Bill introduced by Lord Gorell. The Bill failed after it was passed to a Select Committee, which reported that existing provisions were sufficient to deal with the problem. Opponents of the Bill argued that it would be impossible to secure convictions, since victims are reluctant to come forward and highlight their gullibility.[1] The second Mock Auctions Bill was introduced to Parliament by a group of MPs including Norman Dodds, and received the Royal Assent on 27 July 1961.[2][3]

Act

To avoid interfering with genuine auctions, the Act includes a complex and detailed definition of a mock auction. A mock auction is an auction featuring competitive bidding which satisfies one of three tests: 1) if there is a reduction in price or repayment of the money to the highest bidder, 2) if the right to bid is restricted to people who have bought other items or 3) if any items are offered as gifts or given away.[4] The punishment for running a mock auction, if convicted, was at most either a £1,000 fine, two years in prison or both.[5]

References

  1. Downey (1962) p.334
  2. "PRIVATE MEMBERS' BILLS (OBJECTIONS) 4 March 1960". Hansard. Retrieved 10 December 2009.
  3. "ROYAL ASSENT (Hansard, 27 July 1961)". Hansard. 27 July 1961. Retrieved 10 December 2009.
  4. Downey (1962) p.336
  5. Downey (1962) p.335

Bibliography

This article is issued from Wikipedia - version of the 5/25/2014. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.