Victoria has become the second state to cap mark-ups on the resale prices of tickets at 10%. Resellers caught gouging concertgoers could face hundreds-of-thousands in fines.
Under the Labor government's amended Major Events Act, Minister John Eren
can declare the tickets for an event be resold with a mark-up no greater
than 10%, or have resellers fined from $790 to $475,000.
"For too long, Victorians have been ripped off, desperate to see their
favourite team or performance live," says John Eren, Minister for Tourism
and Major Events.
"These new measures will crack down on scalpers and help keep our major
events fair and accessible for everyone," he adds.
Victorian police will receive assistance from new ticketing officers, the minister says, who will monitor resale websites, attend events and issue
The introduction of resale ticket reforms in Victoria comes a month after a similar move in NSW, but there are some key differences between the
approaches taken by the two states.
The mark-up on tickets resold in Victoria will only be capped by 10% on
select events handpicked by the minister, for instance. This is different
to the blanket 10% cap applied to all music, entertainment and sporting
events throughout NSW.
It is unclear how the two state governments will deal with ticket reseller
Viagogo, a Geneva-based company documented to mark up ticket prices by 390%.
The reseller is being investigated for skirting the rights of consumers in countries including Australia, New Zealand, Spain and the United Kingdom.