In a small win for the music lovers of NSW, it is now officially against the law to resell concert or sporting tickets for a profit in the Premier state.
On June 1st, NSW Fair Trading announced it will be illegal for ticket resellers to sell tickets for more than their original cost, including the transaction costs of the original purchase (i.e. booking fees), which will be capped at 10%. To provide a transparent ticket resale market, resellers will also have to list the original cost of the ticket in their advertisement, as well as any row, bay or seat number that applies to it.
Better yet, these changes will see scalpers copping fines of up to $11,000 for individuals, and $22,000 for businesses if in breach.
The new laws apply no matter how many times a ticket is resold, and only for events that are hosted in NSW.
Take that you pesky scalpers.
You can check out the full law here.