COAG Consultation Regulation Impact Statement – Legislative and Governance Forum on Consumer Affairs
On 16 November 2017, the Australian Government Department of the Treasury released a Consultation Regulation Impact Statement (RIS) on behalf of the Council of Australian Governments (COAG) Legislative and Governance Forum on Consumer Affairs. The RIS explores possible options to reduce consumer detriment arising from ticket reselling for live performance and sporting events in Australia.
Although ticket reselling can provide a consumer benefit, a number of detriments can also occur. These include inflated prices, misleading information affecting informed choice, scams and fraud. Potential options canvassed in the Consultation RIS range from a consumer education campaign through to a national prohibition on ticket reselling.
The RIS prepared by the Department of the Treasury has been approved by the OBPR under COAG RIS requirements.
The Treasury is seeking public feedback on the proposals. The consultation period closes on 15 December 2017.