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Resale cap introduced

AUSTRALIA -
World News
November 4, 2017

The Government of Victoria has introduced legislation making it illegal to sell or advertise tickets for resale at more than 10 per cent above face value.

As part of the Major Events Legislation Amendment Bill 2017, concerts, sporting events and theatre shows which attract high demand, will be attributed “declared” status and fall under the new law.

Police will be present at major events and anyone found breaking the law could be fined between A$790-475,000 ($596-358,525).

“For too long, Victorians have been ripped-off, desperate to see their favourite team or performance live,” says the state’s minister for tourism and major events, John Eren.

“These new measures will crack down on scalpers and help keep our major events fair and accessible for everyone.”

The New South Wales Government approved a similar price cap under amendments to its Fair Trading Act 1987, in October (see Audience issue 213).

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