Conditions of Sale
- Public liability
- Highest bidder to be the buyer
- Dispute as to bid
- Auctioneer and sellers rights
- Faults and misdescription
- Lots at buyers risk
- Removal of lots
- Payment for lots
- Buyer's default
- Occupational safety & health obligations
- Time to be the essence
- Buyers premium
- Goods and services tax 'GST'
"Auctioneer" means any person who conducts an auction by calling for bids and declaring Lots sold.
"Bidder" means any person who bids for a Lot.
"Bidder Registration Formfrom the Auctioneer.
"Buyer" means any person who successfully bids for a Lot.
"Buyers Premium" means an amount payable by a Buyer in addition to the sale price calculated at a rate stated by the Auctioneer, advertisements or as displayed in auction rooms.
"Computer Hardware" means the mechanical and electronic components of a computer including monitor, keyboard and desktop or tower case.
"Legislation" means the Occupational Safety and Health Act (1984) and the Occupation Safety and Health Regulations (1996).
"Lot" means any item or items marked as a lot or described as a lot by the Auctioneer.
"Plant & Equipment" includes vehicles, machinery, mechanical, electrical and electronic equipment, tools, fixtures, appliances, implements and any component or fitting thereof or accessory thereto.
"Seller" means any person who sells a Lot.
"Software" means the programs and other operating information used by a computer.
2.1 Persons attending the Auction site, before, during or after the auction do so at their own risk. The Auctioneer, his agents, employees or principals shall not in any way be liable for any injury sustained to any person or for damage to or loss of property whatsoever caused.
2.2 All persons attending the auction site under the age of 16 years are required to be in the care of and under the supervision of an adult.
3.1 Prior to Auction each Bidder shall complete a Bidders Registration Form.
3.2 Upon the request of the Auctioneer or his or her clerk, a Buyer may be required to provide his or her full name and residential address immediately.
3.3 A buyer shall be deemed to purchase as a principal unless at the time of completing the Bidders Registration Form the Buyer:
(a) discloses to the Auctioneer that he/she will be bidding on
behalf of a principal and shall supply the full name and
address of that principal; andfor and on behalf of that principal; and
(b) gives the Auctioneer a copy of a written authority to bid for and on behalf of that principal
HIGHEST BIDDER TO BE THE BUYER
4.1 Subject to any reserved price, the highest Bidder for each Lot shall be the Buyer.
4.2 Subject to condition 5 below, the entry of the Buyers name in the record or book kept by the Auctioneer or his clerk, shall be binding upon the Buyer and such record or book, together with these conditions, shall constitute the whole of the contract between the Auctioneer and the Buyer and as between the Buyer and the Seller.
If a dispute arises as to any bid, the Auctioneer shall, at his or her absolute discretion, either determine the dispute immediately or resume the bidding at the last undisputed bid. In either case the dispute must occur before the next Lot is offered for bids.
The Auctioneer and the Seller reserve the following rights, which may be exercised by the Auctioneer without giving any reason there for:
(a) not to offer for sale any Lot or part of any Lot described in the catalogue;
(b) to offer two or more of the Lots or part of any Lot described in the catalogue as separate Lots for sale together as one Lot;
(c) should such Lots referred to in (b) not be sold to a successful bidder, to offer such lots as separate Lots;
(d) to withdraw any Lot or Lots from sale;
(e) to refuse to accept a bid or bids from any person or persons;
(f) to refuse admission or to eject from the auction site any person or persons;
(g) to refuse to accept any bid for a Lot being less than the sum nominated from time to time by the auctioneer;
(h) to keep secret the existence and amount of any reserve price of a Lot prior to the close of bidding or withdrawal from sale of the Lot;
(i) in the event that any buyer shall successfully bid for more than one Lot at the auction
(i.i) to appropriate any monies received from that buyer in satisfaction or partial satisfaction of the purchase price due in respect of any one or more of such lots to the total or partial exclusion of amounts due in respect of any other such lot or lots as the Auctioneer shall see fit; and
(i.ii) to elect at any time to treat such contract for the sale of each Lot as independent with each other and default under any such contract shall be default under all such contracts;
(j) to bid on behalf of any prospective buyer with or without disclosure;
(k) in the event that any Lot is not sold at the auction to offer to sell the same immediately after the auction by private sale but otherwise subject to these conditions and
(l) to permit the Seller to make one or more bids for any lot.
7.1Â On the fall of the hammer, the Auctioneer may require and the Buyer shall pay to the Auctioneer or his Clerk, by cash or bank cheque, a deposit of 20% of the purchase price for the Lot purchased and the balance payable in 24 hours.
7.2Â If a buyer fails to pay the deposit the Auctioneer may put the Lot up for bidding and resale, and the defaulting Buyers bid shall not be taken again at the resale.
7.3Â If the resale price is lower than the price obtained on the first sale the difference in price shall be an amount recoverable by the Auctioneer or Seller as a debt due and payable by the original Buyer.
8.1Â A sale shall not be invalidated by reason of any fault or defect in a Lot.
8.2Â A sale shall not be invalidated by reason of a Lot being incorrectly described in a catalogue or elsewhere.
8.3Â The Seller or Auctioneer is not liable to pay compensation to a buyer for any fault or defect in a Lot or for any error or misdescription or for any missing part or quality.
8.4Â No warranty, either express or implied, is given by any verbal affirmation made by the Auctioneer.
8.5Â The Auctioneer or seller is not liable to pay compensation to a buyer for any fault or defect in a lot or for any error or misdescription or for any missing part or quantity.
8.6Â Bidders must satisfy themselves by inspection or otherwise as to the nature and authenticity of a lot and accept the same with all faults, latent or patent.
LOTS AT BUYERS RISK
From the fall of the hammer each Lot is at the Buyers risk. The Auctioneer and the Seller shall not be accountable for any deficiency, damage or loss which may occur thereafter. It is recommended that insurance be taken out at the fall of the hammer.
10.1Â At the Buyers own cost the Buyer shall remove the Lot within the time frame specified by the Auctioneer or by no later than 4 p.m. on the next business day following the sale, whichever is the earlier.
10.2Â The Buyer shall not remove a Lot during an auction unless authorised by the auctioneers agents.
10.3Â The Buyer is fully responsible for the expense and risk of the removal of a Lot and for any damage to property or injury to persons caused by themselves, their agents or employees that occurs during the removal of a Lot.
10.4Â Any part of a lot which a buyer does not remove within the frame time specified in 10.1 may thereafter removed by some person, firm or company engaged by the auctioneer and stored at the auction site elsewhere, at the discretion of the auctioneer. Such removal and storage shall be deemed to be made at the request of the buyer and all costs incurred by the auctioneer shall be recoverable by the auctioneer and the seller as a debt due and payable by the buyer.
10.5Â The disconnection of any gas or electrical services from any piece of Plant & Equipment carried out during the removal of a lot must be performed by a competent and qualified trade's person.
11.1 Â Prior to the end of the auction or at any time thereafter specified by the Auctioneer, the buyer shall pay to the Auctioneer the full purchase price for the lot including an applicable sales tax, any other government tax or any buyers premium.
11.2 Â The purchase price and any part thereof, shall be paid by cash or by bank cheque.
11.3Â Any balance of the purchase price shall be paid by the buyer to the auctioneer within the time period required in these conditions to take delivery of the lot and the buyer shall not be entitled to require the delivery of the lot until the purchase price has been paid in full.
11.4Â The Auctioneer and the seller reserve the right to restrict access to the lot prior to the lot being paid in full
11.5Â Title to the lot shall not pass to the buyer until all cheques are cleared by the Auctioneer's bank.
12.1Â If the buyer fails to comply with any of the above terms, the deposit or any monies paid shall be forfeited without notice to the Buyer by the Auctioneer and the Lot in respect of which the default has been made may be resold by public or private sale or disposed of, if no longer of commercial value.
12.2Â The defaulting Buyer shall pay all the expenses arising from the default including the cost of any removal, warehousing, advertising, commission and resale.
12.3Â If the price obtained on the resale is lower than the price obtained at the original Sale, the difference in price may be recovered by the Auctioneer or Seller as a debt due and payable by the Buyer.
12.4Â Without limiting the generality of the foregoing the Auctioneer is entitled to recover from the buyer:
(a) Â a sum for expenses and charges incurred by the Auctioneer in connection with or incidental to the auction in respect of the resale,
(b) Â the amount of any applicable commission or buyers premium;
(c) Â any applicable sales tax or any other government tax or fee relating to or arising from the sale of the lot or part thereof.
OCCUPATIONAL SAFETY & HEALTH OBLIGATIONS
13.1Â The Legislation imposes obligations, such as providing and maintaining a safe work environment and preventing exposure to and protection from hazards on persons who use or operate plant in a workplace and on employers whose employees use or operate plant. If the Buyer intends to use plant purchased at this auction, at a workplace then it is the responsibility of the Buyer to inform themselves of these obligations.
13.2 Â Unless otherwise is stated, the plant sold at this auction has not been assessed or inspected by a competent person and it may or may or may not be affected by faults or defects, which make it unsafe for use. It is the responsibility of the Buyer to ensure assessment and inspection by a competent person.
13.3 Â The Buyer is warned that the items not previously assessed or inspected by a competent person may be suitable for scrap or spare parts only.
13.4 Â The Legislation requires that owners of plant maintain safety and health information and records. The Auctioneer will pass on to the Buyer all information made available to them by the owner, but the Auctioneer does not warrant that the information and records are complete and accurate. It is the responsibility of the Buyer to familiarise themselves with all relevant information and records.
14.1 Â Unless specifically provided, any sale of computer equipment at this auction is intended to be the sale of Hardware only.
14.2 Â If the sale of any computer equipment includes Software, the Software may be subject of a Software Licence Agreement. A copy of this agreement may be obtained from the computer manufacturer or the Seller.
14.3 Â If the Software is not capable of being assigned with the Hardware, the Buyer Acknowledges that any use of the Software may be a breach of the Software Licence Agreement.
14.4Â If the Software is capable of being assigned with the Hardware, the buyer acknowledges that they are bound by terms and conditions of Software licence agreement and that such conditions may restrict the use of the Software.
TIME TO BE THE ESSENCE
Time shall be of the essence in the sale of any Lot and in the performance of the above terms and conditions.
The purchaser acknowledges that all Lots purchased are subject to a "Buyer's Premium' at a rate as stated in the Auctioneer's advertisements and catalogues. The Buyer's Premium will be payable at the same time as the purchase price and is payable to the Auctioneers in consideration for services and facilities provided to the Purchaser by the Auctioneers.
Unless otherwise stated, GST will be added to the knockdown price including buyers premium. Total owing will be bid amount plus buyers premium plus GST.