NewDirections2023 - Catalog - Page 45
price (including any GST) accepted
Registration requires that bidders provide
by the auctioneer, or in the case of a
proof of identity and Australian Prostate
post-auction sale, the agreed sale price
Cancer Research may impose other
(including any GST). e) ‘GST’ refers to the
obligations on the registration of bidders in
goods and services tax imposed by the A
its discretion.
New Tax System (Goods and Services) Act
1999 as amended. f) The ‘lot’ refers to the 6. Auctioneer’s discretion: Australian Prostate
Cancer Research reserves the right to
item(s) described against any lot number
absolute discretion over the conduct of
in the catalogue. g) The ‘reserve’ refers to
the auction including the regulation of
the minimum price (including any GST)
bidding and its increments. This discretion
the consignor will accept for a lot.
extends to the challenge or rejection
of any bid, the right to withdraw any lot
PRELIMINARY CONDITIONS AND
and the right to determine the successful
DISCLAIMER
bidder or reoffer a lot in the event of a
dispute. The prospective buyers and sellers
2. Agency: Australian Prostate Cancer
guide details an indicative process for the
Research acts as agent for the vendor
conduct of auctions. All parties are strongly
and the contract of sale for the lot will be
urged to read the prospective buyers and
between the buyer and the vendor.
sellers guide included in this catalogue.
3. Property is sold ‘as is’: To the extent
7.
Bidding: Australian Prostate Cancer
permitted by law: a) No guarantees,
Research may sell each lot to the highest
warranties or representations are made
bidder at auction provided the reserve
(express or implied) by Australian
price has been met or where the net
Prostate Cancer Research or the vendor
amount accounted to the vendor is at
in relation to the nature and condition
least equivalent to the net amount that
of any lot; and b. Australian Prostate
would have been achieved for a sale at the
Cancer Research disclaims liability
reserve price. The fall of the auctioneer’s
for any misrepresentations, errors or
hammer marks the acceptance of the
omissions, whether verbal or in writing,
highest bid and the conclusion of a
in the catalogue or any supplemental
contract for sale between the vendor
material. All factual information provided
and the buyer. Unless otherwise agreed
by the vendor is merely passed on by
in writing with Australian Prostate Cancer
Australian Prostate Cancer Research from
Research, the individual physically present
the vendor or other source. Australian
at the auction who signals the bid accepts
Prostate Cancer Research has made
personal liability to pay the purchase price,
no attempt to verify this information.
including all additional fees, taxes and
All additional statements of opinion
charges.
represent the specialist opinions of
Australian Prostate Cancer Research
employees and should not be relied
GOODS AND SERVICES TAX
upon as statements of fact.
8. Amounts inclusive of GST: Unless
4. Responsibility to inspect: Responsibility
otherwise specified, all amounts specified
remains with the buyer to satisfy its, his
in this section as payable by the buyer, or
or her self by inspection and evaluation
otherwise used to calculate payment to
prior to purchase as to the nature and
Australian Prostate Cancer Research, are
condition of any property.
inclusive of any GST component. Australian
Prostate Cancer Research will provide
buyers with a tax invoice that meets the
CONDITIONS AT AUCTION
requirements of the Australian Taxation
5. Registration: Bidders must register to
Office.
bid and obtain a bidder’s paddle prior
to the commencement of the auction.
