深圳经济特区财产拍卖条例（修正） Regulations of Shenzhen Special Economic Zone on Auction of Properties

Anyone in violation of Items (1) and (3) of Article 8, Articles 11, 12, and 14 and Items (9) and (10) of Article 79 shall be confiscated against the illegal gains from the auction and subject to a fine of 1 to 3 times of the illegal gains by the administrative agency for industry and commerce.

　　Article 81 Any agency of auction which, in violation of the provisions of Item (1) of Article 8 of these regulations, disturbs the security and management of special business, shall be confiscated against its commissions collected from the auctions according to law and subject to a fine of 1 to 3 times of the commission by the municipal public security organ; if the circumstance is serious, shall have its license of special business revoked.

　　Any agency of auction in violation of the provisions of Article 13 of these regulations shall be confiscated against its commissions collected from the auctions and subject to a fine of 1 to 3 times of the commissions by the municipal real estate administrative agency.

　　Article 82 The invalid auction shall have no lawful effect as of the beginning of auction.

　　If the auctioneer, client or purchaser's fault causes the auction invalid, one or all parties who make the fault shall be responsible for making up other parties and the third party's losses.

　　Article 83 The Municipal Government may formulate implementing rules according to these regulations.

　　Article 84 These regulations shall take effect as of 1st July 1998

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