In so far as legislation is concerned, Senators will be aware that the existing legislation, the Auctioneers and House Agents Acts, 1947 to 1973, provides a regulatory framework for the manner in which auctioneers and house agents must act in the performance of their professional work. Its provisions are wide-ranging and there are specific provisions in regard to how moneys are to be handled on behalf of clients and the fees charged, etc.