Referring to the Property and Stock Agents Act $2002,$ answer the following questions.

What is the full title of the legislation:

What is the purpose of this legislation:

There are $16$ main components $($Parts$)$ of this legislation, list these below:

Locate Part $2,$ division $1,$ Sect $8$; What is the title and in your own words, provide a brief description of what this covers:

Provide an example of a breach of the above section and identify the penalty units:

What are the maximum penalty units for not maintaining a bidders record at an auction:

Where on the legislation is the currency located? What is the date of the current version of this legislation?