New Directions Art Auction 2025 Catalogue - Catalog - Page 43
NEW DIRECTIONS ART AUCTION 2025 43
goods and services tax imposed by the A
New Tax System (Goods and Services) Act
1999 as amended. f) The ‘lot’ refers to the
item(s) described against any lot number
in the catalogue. g) The ‘reserve’ refers to
the minimum price (including any GST) the
consignor will accept for a lot.
6.
Auctioneer’s discretion: Australian Prostate
Centre reserves the right to absolute
discretion over the conduct of the auction
including the regulation of bidding and its
increments. This discretion extends to the
challenge or rejection of any bid, the right to
withdraw any lot and the right to determine
the successful bidder or reoffer a lot in the
event of a dispute. The prospective buyers
and sellers guide details an indicative
process for the conduct of auctions. All
parties are strongly urged to read the
prospective buyers and sellers guide
included in this catalogue.
7.
Bidding: Australian Prostate Centre may sell
each lot to the highest bidder at auction
provided the reserve price has been met
or where the net amount accounted to
the vendor is at least equivalent to the net
amount that would have been achieved for
a sale at the reserve price. The fall of the
auctioneer’s hammer marks the acceptance
of the highest bid and the conclusion of
a contract for sale between the vendor
and the buyer. Unless otherwise agreed in
writing with Australian Prostate Centre, the
individual physically present at the auction
who signals the bid accepts personal liability
to pay the purchase price, including all
additional fees, taxes and charges.
PRELIMINARY CONDITIONS AND
DISCLAIMER
2. Agency: Australian Prostate Centre acts as
agent for the vendor and the contract of sale
for the lot will be between the buyer and the
vendor.
3. Property is sold ‘as is’: To the extent permitted
by law: a) No guarantees, warranties or
representations are made (express or implied)
by Australian Prostate Centre or the vendor
in relation to the nature and condition of
any lot; and b. Australian Prostate Centre
disclaims liability for any misrepresentations,
errors or omissions, whether verbal or in
writing, in the catalogue or any supplemental
material. All factual information provided by
the vendor is merely passed on by Australian
Prostate Centre from the vendor or other
source. Australian Prostate Centre has made
no attempt to verify this information. All
additional statements of opinion represent
the specialist opinions of Australian Prostate
Centre employees and should not be relied
upon as statements of fact.
4. Responsibility to inspect: Responsibility
remains with the buyer to satisfy its, his or
her self by inspection and evaluation prior to
purchase as to the nature and condition of
any property.
CONDITIONS AT AUCTION
5.
Registration: Bidders must register to bid
and obtain a bidder’s paddle prior to the
commencement of the auction. Registration
requires that bidders provide proof of
identity and Australian Prostate Centre may
impose other obligations on the registration
of bidders in its discretion.
GOODS AND
SERVICES TAX
8.
Amounts inclusive of GST: Unless
otherwise specified, all amounts specified
in this section as payable by the buyer,
or otherwise used to calculate payment
to Australian Prostate Centre,
are inclusive of any GST component.
Australian Prostate Centre will provide
buyers with a tax invoice that
meets the requirements of the Australian
Taxation Office.
