Copy that: cautionary tales for rookie online investors

Copy that: cautionary tales for rookie online investors
David Chaplin
Subject to certain constraints owner self-bidding at property auctions is perfectly legal, in New Zealand anyway.According to the NZ government website Settled, sellers can put their hand up for their own properties at auction only if the offer is below a stated reserve price and the auctioneer discloses it as ‘vendor bid’. Vendor bids serve as a kind of crowd-warming act allowing “the seller or their representative... to encourage buyers to get their bids closer to the reserve price”, Settled says.  Legal or n...

More Law & Regulation

Telco fined $325k for misleading 'free' roaming claim
Law & Regulation

Telco fined $325k for misleading 'free' roaming claim

Telco 2degrees has been fined $325,000 after admitting it made misleading claims about its “free” Aussie business roaming plans.The Commerce Commission took action last year after claims made by 2degrees in its advertising campaign between 2020 and 2023 created an impression that...

NZer put $15m in betting accounts without proper checks: Austrac
Law & Regulation

NZer put $15m in betting accounts without proper checks: Austrac

The businessman deposited nearly $15m in Entain betting accounts, watchdog claimed. 

‘Cowboys’ the reason for building consent delays
Property

‘Cowboys’ the reason for building consent delays

Building inspectors hit back at Minister Penk’s claims they are holding up consents.

Workplace safety: Compliance equals protection
Policy

Workplace safety: Compliance equals protection

The Govt says health and safety obligations will be clearer within a new system of rules.