Section 18

The Minister may make regulations to regulate sales by public auction and to check collusive or fraudulent sales, and the regulations may provide amongst other things for the length of notice to be given and the manner of advertising sales on the instructions of mortgagees acting under powers of sale or of any person in a position of trust with respect to or liable to account for the proceeds of sale.

The breach of any regulations made under this section shall render the auctioneer liable to cancellation of his licence.

All such regulations shall be presented to Parliament and shall not come into force until approved by a resolution of Parliament.