Chapter:	291B	Title:	MARINE FISH (MARKETING) BY-LAWS	Gazette Number:
Bylaw:	19	Heading:	Reserve prices in auctions	Version Date:	30/06/1997

(1) If, before the bidding has commenced for any marine fish at an auction in a market, the seller or his agent informs the auctioneer and all other persons present at that time, he may place a reserve price on any marine fish to be sold.
(2) When a reserve price has been placed in accordance with paragraph (1) and in the bidding the reserve price is not reached, the auctioneer shall declare the fish not to be sold.