Today saw the introduction of a new law in NSW which prohibits the reselling of tickets for anymore than the original cost, plus transaction costs -- which have been capped at 10%.
From the Government website: "The new laws apply to all tickets to NSW events that are first sold or supplied by the authorised seller from 1 June 2018 and have a resale restriction. A resale restriction is a term or condition of a ticket that limits the circumstances in which the ticket may be resold, or prohibits resale of the ticket."
This will be a game changer in regards to halting bulk buying of tickets by bots.
Of course, just because it is a law, doesn't mean people will obey it.
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Reporting from inside the Australian music business since '94.
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