EAD scalpers of NSW: you are hereby banished from the land.
It is now officially against the law to resell concert or sporting tickets for a profit in the Premier state.
A new amendment to the Fair Trading Act sprung to life yesterday, effectively criminalising the act of scalping.
“In NSW it is now against the law to resell tickets for more than the original ticket cost, plus transaction costs that are capped at 10%,” Fair Work Australia explains.
“These laws apply to tickets to NSW events that are first sold by the authorised seller from 1 June 2018 and have a resale restriction” (i.e. ” a term or condition of a ticket that limits the circumstances in which the ticket may be resold, or prohibits resale of the ticket”).
Speaking about the reforms last year, Minister for Better Regulation Matt Kean said “Absolutely no ticket to a NSW sporting or entertainment event should be resold for more than 10 per cent above its original price”.
“We understand there may be legitimate reasons why people wish to on-sell event tickets, but we won’t tolerate the often exorbitant prices they’re listed online for,” he said at the time.
Well, now it’s the law. The LAW! And maximum penalties for wrongdoers are $22,000 for a corporation or $11,000 for an individual.
Somebody should probably word up these butt puppets flogging insanely price-jacked tickets to Kendrick Lamar’s Splendour In The Grass sideshows.
One for the good guys, folks.