NSW outlines plans for 10% ticket resale cap
Ticket prices to entertainment and sports events in New South Wales (NSW) will be capped at a maximum +10% of their face value under proposed amendments to the Australian state’s consumer legislation.
The proposed changes to the Fair Trading Act 1987 form part of a “suite of ‘consumers first’ reforms”, which will also include measures to ban ticket bots, currently being prepared by the NSW government.
Matt Kean MP (pictured), the NSW minister for better regulation, says the amendments would make tickets more accessible to ordinary fans – and also eliminate the threat for those with secondary market tickets of being shut out of the venue.
“The reforms also aim to make it clear that tickets resold within the new laws should not be cancelled by event organisers or venues simply because the ticket has been acquired in the secondary market,” he says.
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