Commissions to be paid by sellers total of knock down price
- 7.5% under $10,000 (plus GST)
- 5% over $10,000 (plus GST)
- 3.5% over $100,000 (plus GST)
Buyer’s Premium
10% (plus GST) to be paid on all lots by all buyers on total of knock down price
GST
Knock down price will include 10% GST
Reserves
*All items under $1500 must be sold unreserved.
Payment to vendors
Payments to Vendors will be within 14 days and all monies will be held in the Hervey Bay Auction Centre Trust Account.