Legislative Assembly for the ACT: 1995 Week 03 Hansard (Tuesday, 30 May 1995) . . Page.. 509 ..
Tuesday, 30 May 1995
MR SPEAKER (Mr Cornwell) took the chair at 10.30 am and read the prayer.
The Clerk: The following petitions have been lodged for presentation:
By Mr Moore, from 173 residents, requesting that the Assembly ban the auctioneering practice of a buyer's premium.
By Mr Kaine, from 48 residents, requesting that the Assembly direct ACTION to work with the Yarralumla community in replacing the heritage bus shelter in Schlich Street.
The terms of these petitions will be recorded in Hansard and a copy referred to the appropriate Minister.
Auctions - Buyer’s Premium
The petition read as follows:
To the Speaker and Members of the Legislative Assembly for the Australian Capital Territory.
The petition of certain residents of the Australian Capital Territory draws to the attention of the Assembly: That they object to the practice employed by auctioneers to create extra commission by the addition of buyer’s premium to items purchased at public auction. This practice is especially oppressive when this surcharge is added at Government disposal auctions when taxpayers have paid for the original item.
Your petitioners therefore request the Assembly to ban this insidious practice.