If you’re caught trying to make a profit from selling tickets to Bob Dylan’s Wollongong concert or the Yours and Owls festival you could be slapped with a hefty fine.
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Tough new laws came into effect on Friday, with maximum penalties for selling a ticket at more than 10 per cent above the original cost are $11,000 for an individual, and $22,000 for an organisation.
I’m sick of consumers being taken for a ride by shameless shonks looking to make a quick buck.
- Matt Kean
It comes after NSW Fair Trading received more than 1000 complaints and enquiries about dodgy tickets being issued in 2016-17, with Viagogo named on the Complaints Register every month for the last year.
“I’m sick of consumers being taken for a ride by shameless shonks looking to make a quick buck,” Minister for Better Regulation Matt Kean said.
“These laws create a level playing field so genuine fans can buy tickets to concerts and sporting events without being slapped with hugely inflated re-sale prices.”
Event organisers will now be able to cancel tickets, meaning a purchaser can be refused entry.
All re-sale advertisements are now required to include the original cost of the ticket, a re-sale asking price below the mandated cap, and the seat details including the bay, seat, or row number.
The new laws do not apply to tickets sold by the authorised seller prior to 1 June 2018, even if the event is held after that date.
Read More: Yours and Owls 2018 festival lineup revealed