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.
NSW has new ticket reselling laws. It is now against the law to resell tickets for more than the original ticket cost, plus transaction costs that are capped at 10%. These laws apply to tickets with a resale restriction sold from 1 June. Learn more: https://t.co/LTgkAqUvD9 pic.twitter.com/ZR8ZVoSzEr
— NSW Fair Trading (@NSW_FairTrading) June 1, 2018