Catering Equipment
General Auctioneers & Valuers
Fortnightly Hospitality / Catering
Equipment Auctions

Newstead Auctions
Newsteads General Auctioneers & Valuers

Newsteads Auctions - Terms and Conditions

  1. THE HIGHEST BIDDER SHALL BE THE BUYER SUBJECT TO THE VENDOR’S APPROVAL AND A RESERVE PRICE, IF ANY.
  2. TIME SHALL BE THE ESSENCE OF THE SALE OF ANY LOT.
  3. A BID SHALL BE DEEMED TO BE ACCEPTED UNLESS THE AUCTIONEER FORTHWITH AFTER IT HAS BEEN MADE DECLARES HIS NON-ACCEPTANCE OR DISSENT.
  4. SHOULD ANY DISPUTE ARISE REGARDING ANY LOT THAT LOT MAY BE AT THE OPTION OF THE AUCTIONEER BE PUT UP AGAIN AND RE-SOLD OR WITHDRAWN AND THE AUCTIONEER’S DECISION SHALL BE FINAL.
  5. ALL LOTS HAVING BEEN AVAILABLE FOR INSPECTION ARE SOLD ‘AS IS WHERE IS’ AND NO ALLOWANCE OR REFUNDS WILL BE MADE, NOR WILL ANY BUYER BE PERMITTED TO REJECT ANY LOT ON THE GROUNDS THAT IT IS NOT CORRECTLY DESCRIBED IN ANY ADVERTISEMENT, CATALOGUE OR INVOICE AND THE SAID LOTS ARE TO BE TAKEN WITH ALL FAULTS, IF ANY, AND WILL BE AT THE BUYER’S RISK ON THE FALL OF THE HAMMER AND THEREAFTER THE VENDOR WILL BE FREE FROM ALL RESPONSIBILITY FOR SAFE-GUARDING THE GOODS AND WILL NOT BE LIABLE FOR ANY LOSS OR DAMAGE OF THE GOODS SOLD WHETHER SUCH LOSS OR DAMAGE IS CAUSED OR CONTRIBUTED TO BY ANY ACT, NEGLECT OR DEFAULT OF THE VENDOR, ITS SERVANTS, EMPLOYEES OR AGENTS.
  6. WHERE AN EXACT QTY IS NOMINATED AND ANY DISCREPANCY ARISES BETWEEN THE QUANTITY OF GOODS DESCRIBED AT THE TIME OF SALE AND THAT ACTUALLY AVAILABLE AT THE TIME OF DELIVERY THE BUYER SHALL TAKE AND THE AUCTIONEER SHALL BE REQUIRED TO EFFECT DELIVERY OF ONLY THE QUANTITY ACTUALLY SO AVAILABLE.  NO COMPENSATION WILL BE PAID IN RESPECT OF ANY SUCH DEFICIENCY.  HOWEVER, THE BUYER MAY CLAIM A PRO-RATA ADJUSTMENT OF THE PURCHASE PRICE.  NO ADJUSTMENT WILL BE MADE UNLESS THE BUYER MAKES HIS CLAIM AT OR BEFORE THE TIME OF DELIVERY.
  7. EACH BUYER SHALL COMPLETE A BUYER’S CARD AND SHALL, IF REQUIRED, PAY A DEPOSIT OF NOT LESS THAN 10% OF THE PURCHASE PRICE.
  8. ALL PAYMENTS INCLUDING DEPOSITS SHALL BE MADE BY CASH, CERTIFIED BANK CHEQUE OR DIRECT DEPOSIT.
  9. THE BALANCE OF THE PURCHASE PRICE SHALL BE PAID WITHIN 24 HRS OF THE END OF THE AUCTION.
  10. THE GOODS ARE TO BE COLLECTED BY THE BUYER AT THE BUYER’S EXPENSE WITHIN 48 HRS OF THE END OF THE AUCTION.
  11. ANY GOODS NOT PAID FOR AND COLLECTED ON TIME WILL BE TREATED AS ABANDONED AND MAY BE RE-SOLD BY THE AUCTIONEERS.
  12. NO GOODS ARE TO BE REMOVED WITHOUT THE PRESENCE OF A MEMBER OF NEWSTEADS STAFF.
  13. A RIGHT TO BID FOR AND ON BEHALF OF THE VENDOR IS EXPRESSLY RESERVED
  14. NEWSTEADS HAVE NOT TESTED ANY ELECTRICAL OR GAS ITEMS FOR SAFETY OR COMPLIANCE AND ALL GOODS SHOULD BE CHECKED BY A REGISTERED CONTRACTOR BEFORE USE OR RE-SALE.
  15. GST OF 10% IS INCLUDED IN THE KNOCK-DOWN PRICE OF EACH LOT
  16. A BUYER’S PREMIUM OF 11% (INCL GST) APPLIES TO THIS SALE
  17. A 2% + GST SURCHARGE FEE ON ALL EFTPOS TRANSACTIONS WILL APPLY.
  18. UPON ANY BUYER FAILING TO COMPLY WITH ANY OF THE ABOVE CONDITIONS ALL MONIES RECEIVED IN PART PAYMENT SHALL BE ABSOLUTELY FORFEITED AND ALL LOTS UNCLEARED MAY BE RE-SOLD BY PUBLIC AUCTION OR PRIVATE CONTRACT AND THE DEFICIENCY, IF ANY, ON SUCH RE-SALE TOGETHER WITH ALL COSTS AND CHARGES ATTENDING SHALL BE MADE GOOD BY THE DEFAULTER AT THE SALE.