BIDDER'S TERMS AND CONDITIONS 

1. Subject to any reserve price, the highest bidder shall be the Purchaser and in the event of any dispute arising, the lot may be reoffered. The Auctioneer shall be the sole arbitrator and his decision shall be final in all matters relating to the Auction.
   
2. Any advances in bidding shall be regulated by the Auctioneer unless otherwise advised.  No bidder may retract their bid once it has been taken. The Auctioneer expressly reserves the right to bid on behalf of the Vendor.
   
3. The Auctioneer may refuse any bid if he deems it is not in the best interests of the Vendor, and may exclude any person or persons whatsoever from the Auction at any time for any reason whatsoever.
   
4. The Vendor reserves the right to withdraw any lots from the sale at any time before the lot is offered for sale.
   
5. On the fall of the hammer, the Purchaser shall, if required, give their particulars and immediately pay $500.00 (or nominated amount) being part payment for the lot so purchased. The Purchaser shall complete the “Terms of Auction Sale” as set out in the Company’s written policy. In default of these conditions the Auctioneer reserves the right to immediately resell such lots as he deems fit.
   
6. The Purchaser shall be deemed to be the principal unless, prior to the sale, they had given to the Auctioneer a copy of written authority to bid for or on the behalf of another person or party.
   
7. On the fall of the hammer, the Purchaser shall be responsible for guarding and securing any lots. The Auctioneer accepts no responsibility after the fall of the hammer for safeguarding of any lots. Ownership and title shall not pass to the Purchaser until all lots are paid for in full. Lots will not be available for removal upon part payment.
   
8. All lots have been available for inspection to the purchaser at a specified time. No allowances, refunds or warranties are offered with any lot whatsoever whether express or implied.
   
9. Any statements as to the quantity of goods are approximate only and are as represented to the Company.  The Company gives no warranty that quantities as stated are correct.  Whilst every care has been taken in the compilation of reports all catalogues, advertisements or oral descriptions may contain errors and as such are to be used as guide only. Should quantities in any lot fall short any dispute as to compensation shall be settled by an arbitrator who shall be a person mutually agreed upon by both parties.
   
10. All lots purchased must be paid for on day of auction by close of business. No purchases may be removed from gated or secured areas until goods have been paid for and a pink slip has been obtained from reception.  All purchases must be removed by 12pm Tuesday following the sale or as specified at the time of Auction.
    
11. The Auctioneer reserves the right to resell any abandoned items without being obliged to give any notice of resale to the Purchaser.
    
12. Upon the Purchaser failing to settle any lots purchased they herby agree to pay any commission which the Company may have lost on a purchase as the result of the Purchaser not proceeding including the buyers premium at the rate stated in the advertised sale and costs associated in any resale or attempted resale, including advertising, security, storage and transport.
    
13. Interest on the purchase of moneys outstanding from time to time on and from the third day after the date of the sale at the corporate overdraft reference rate for the time being charged by the Commonwealth Banking Corporation.
    
14. No servant or agent of the Company is authorised to waive, add to or vary these conditions without written authority of the Company’s Manager.
    
15. The Purchaser agrees that the Company will charge a premium as stated in the advertisements and catalogues of 12.5% (Alcohol 15%) (GST INC) of the gross purchase price. The Buyer’s Premium is payable in addition to the knockdown price for services provided to the Purchaser by the company.
    
16. Unless otherwise stated the Company advises the Purchaser that all lots purchased are GST inclusive.
    
17. The Purchaser agrees that the Company is acting as the authorised agent of the Vendor and any rights of the action he may have in respect of the lots purchases by him lie against the Vendor, not the Company.  In the event that he wishes to take proceedings in respect of the said lots and the Vendor has not been named by the Company in its dealings with him to date, he agrees to request the name of the Vendor from the Company, and, provided the Company provides the relevant details to proceed against the Vendor, not the Company.
    
18. Electrical Equipment disclaimer:  All electrical equipment sold at Auction is sold in a used condition and no warranty is given that its existing condition complies with the safety requirement of the State Electricity Condition.  Under state legislation, it is the purchaser’s responsibility to have the equipment examined and repaired by a registered electrician before re-sale (Please refer to our Electrical Safety Guide which can be obtained from reception).
    
19. The Purchaser acknowledges that any software included in sales of computer equipment may be under licence to the Vendor and that the terms and conditions of the License may restrict the use and transfer of the software. The Purchaser acknowledges that the company does not offer title to such software and it may or may not remain the property of the Vendor.