Compliance with the Auction Rules as mandated by state legislation is crucial, especially when it comes to establishing and recording a reserve price, as legally required. Please note that the following information is intended solely to define the limitations associated with the app, and should not be construed as legal advice.
Within the app, some states are required to have a reserve price entered before the property can launch while others do not. Please see below for your requirements depending on your state.
| Reserve required before property can be launched with Openn | Reserve is required before Final Bidding Stage commences |
|---|---|
| South Australia | Northern Territory |
| New South Wales | Tasmania |
| Australian Capital Territory | Western Australia |
| Queensland |