LEGISLATIVE FRAMEWORK. Every Auction is to be governed by section 45 of the CPA and the rules of Auction (the "Rules") as promulgated by the Minister of Trade and Industry under the Regulations dated 23 April 2010 in Government Gazette No. 33818 on 1 April 2011 ("Regulations") and any further amendments and/or variations to these Rules and Regulations.
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Sources: Terms and Conditions of Business and Rules of Auction, Terms and Conditions of Business and Rules of Auction