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NSW ticket scalping laws come into effect with maximum $22,000 penalties

NSW ticket scalping laws come into effect with maximum $22,000 penalties

TICKET scalping laws aimed at stamping out inflated re-sale prices have come into effect on Friday. 

Minister for Better Regulation Matt Kean said the reforms would make it illegal to re-sell a ticket for more than 10 per cent above the original price. 

An individual faces a maximum penalty of $11,000 for selling over that threshold, while organisations can be hit with up to $22,000 in fines.

“We know ticket scalping is a huge problem in NSW, and I’m sick of consumers being taken for a ride by shameless shonks looking to make a quick buck,” Mr 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.”

Ticket resellers and scalpers have come into sharp relief in the Hunter in recent weeks after A-League grand final tickets became hot commodities.  

The full article by Matt Carr can be found on the Newcastle Herald