SHANNONS AUCTIONS LIMITED - AUCTION CONDITIONS VIC: LMCT 9585 NSW: MD19550 Shannons Auctions Limited (Shannons) ABN 83 099665 497conducts this auction on these Auction Conditions, which replace any other previously published auction conditions or conditions of business. Vendors and Purchasers are advised to carefully read these Auction Conditions. 1. INTENDING PURCHASERS 1.1 No Bidder shall be entitled to bid unless and until such Bidder has lodged with Shannons a completed Bidder registration form, in a format acceptable to Shannons, which will require the Bidder’s name, address and sufficient proof of identity to Shan- nons’ satisfaction. Shannons Auctions Privacy Statement applies to the collection of personal information –ask us for a copy. 1.2 Bidding registration forms are available during public viewing times at the auction venue and must be lodged in person with Shannons prior to auction or otherwise as agreed. Telephone bidding registrations close 6 hours prior to auction commencement. Internet bidding registrations close 12 hours prior to auction commencement. 1.3 The Bidder to whom the lot is knocked down shall immediately upon the fall of the hammer pay a deposit of 10% (or such other percentage as agreed to by the Auctioneer) of the purchase price to Shannons, and if present at the auction venue shall immediately sign the Sale Book as acknowledgement of the purchase of the lot. If after five minutes (or no more than one clear business day in the case of a telephone or internet Bidder) after the fall of the hammer for the particular lot, the Bidder has failed to pay the deposit (and if present at the venue, sign the Sale Book) the Vendor may then or at any later time, at the Vendor’s option, sell the lot either by private treaty or auction to another pur- chaser and the Bidder shall have no right or action against the Vendor or the Auctioneer and shall have no proprietary interest (legal, equitable or otherwise) in the lot. 1.4 Any Bidder wishing to bid by way of telephone, internet or as an absentee, shall arrange to complete and lodge a bidding registration form prior to the commencement of the auction, and in the case of an absentee Bidder shall have present at the auction venue a duly authorised agent (which can with prior agreement be a Shannons represen- tative) who shall sign the Sale Book in the event of the lot being knocked down to the Bidder. 1.5 The Financial Transaction Reports Act 1988 (Cth) classifies Shannons as a Cash Dealer. 1.6 An Administration Purchase Fee of $500 AUD (Inc. GST) is payable to Shannons by the purchaser per motor vehicle, except in the case of a motorcy- cle where the Purchase Fee is $250 AUD (inc. GST). 1.7 All prices include GST where the sale of the lot is a taxable supply. Where applica- ble GST is included in the hammer price on lots offered for sale and Shannons will issue a tax invoice on behalf of the Vendor.