Our policies and rules are designed to comply with applicable legislation and to create a safe and fair environment for all Basic Sense customers and website users. Knowing and understanding your rights and responsibilities will help you avoid unintentionally breaking the rules or laws and enhance your experience as a Basic Sense customer / website user.
Basic Sense Policies & Rules
|Website Terms and Conditions of Use - are the rules which regulate the relationship between Basic Sense and each user accessing and using any part of the website located at www.basicsense.co.za. By accessing and using this website in any way, you are agreeing to comply with our Website Terms and Conditions of Use.|
Relevant South African Legislation
|Consumer Protection Act 68 of 2008 (“CPA”) - regulates the relationship between a supplier of goods and/or services to a consumer. The Act sets out the minimum requirements to ensure adequate consumer protection in South Africa. All Basic Sense auctions and sales solutions services are conducted in accordance with all applicable provisions of the CPA.|
Estate Agency Affairs Act 112 of 1976 (“EAAA”) - provides for the establishment of an Estate Agency Affairs Board and an Estate Agents Fidelity Fund for the control of certain activities of estate agents in the public interest and for incidental matters.
Financial Intelligence Centre Act 38 of 2001 (“FICA”) - was established to combat financial fraud and money laundering and the financing of terrorist and related activities. The act further to impose certain duties on institutions and other persons who might be used for money laundering purposes and the financing of terrorist activities. These duties include ‘customer identification and verification', record-keeping and reporting obligations.
Sub-regulation 21(2)(a) of the Second Hand Goods Act 6 of 2009 and sub-regulation 26(2) of the Consumer Protection Act 68 f 2008 requires Basic Sense to establish and verify the identity of every seller, bidder and buyer. To see what FICA information and documents we require from you, please click on the following link: FICA Requirements
|Second Hand Goods Act 6 of 2009 - regulates the business of pawnbrokers and dealers in the second-hand goods in order to combat trade in stolen goods and promote ethical standards in the second-hand goods trade. As a registered second-hand goods dealer Basic Sense conducts all second-hand goods transactions in accordance with all applicable provisions of the Second Hand Goods Act 6 of 2009.|