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News June 1, 2018

NSW introduced strict new ticket reselling laws today

NSW introduced strict new ticket reselling laws today

Today saw the introduction of a new law in NSW which prohibits the reselling of tickets for anymore than the original cost, plus transaction costs — which have been capped at 10%.

From the Government website: “The new laws apply to all tickets to NSW events that are first sold or supplied by the authorised seller from 1 June 2018 and have a resale restriction. A resale restriction is a term or condition of a ticket that limits the circumstances in which the ticket may be resold, or prohibits resale of the ticket.”

This will be a game changer in regards to halting bulk buying of tickets by bots.

Of course, just because it is a law, doesn’t mean people will obey it.

This article originally appeared on The Industry Observer, which is now part of The Music Network.

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