Barfoot & Thompson v CAC 20003 [2014] NZREADT 48 [pdf, 51 KB]
...at the auction. The complainant (another potential purchaser) claimed that the licensee had advised him that no pre-auction offer less than $850,000 would be sufficient to stop the auction. [24] We found that when this type of situation arises, a careful agency should ensure that steps are taken to ensure fair dealing between all the parties. We upheld the Committee’s decision to take no further action against the licensee. We were not satisfied, on the balance of probabilities, tha...