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Buyers Information

Please note: This information is prepared as a guide only for intending auction participants and some specific aspects covered may vary depending on the auction. If you have any queries in relation to the above please contact Sharon Rumble at Quaid Auctioneers by email: auctioneers@quaid.com.au or phone (07) 4051 3300.

Welcome

Quaid Auctioneers Auction sales offer an exciting opportunity to purchase a vast range of items at auction prices. We ask that you read on for some important information on our auction service, and answers to some of the most frequently asked questions.

Auction Registration

An auction is a public sale at which buyers make bids for items offered. Bidders must first be registered and have a buyers number. Registration can be made at the auction office by filling in the bidders registration form. Please note: Photographic identification is a strict requirement and bids can only be accepted from registered bidders. You will receive a separate buyers number for use at each auction.

Bidding

When you wish to bid, signal in an obvious way to the auctioneer. Holding up your buyers number is the most visible and reliable method. If you wish to cease bidding indicate again in a definite manner, i.e. Shake your head. Quaid Auctioneers employ experienced auctioneers who can differentiate between voluntary and unconscious movements. If your bid is successful hold up your buyers number so that the auctioneer can read it clearly and record your purchase.

Absentee Bidding

Quaid Auctioneers provide an Absentee Bid Service for all our auctions. Simply register as normal and fill in an absentee bid form, then hand the form to the office staff. The auctioneer will bid on your behalf. Contact our office immediately after the sale to see if you were successful. All the standard conditions of sale apply to absentee bids. Click to download the Absentee Form

Inspection

This is when you can inspect the items for auction and assess the condition, value and quality to determine their benefit and auction value. Failure to inspect items may lead to disappointment, so we recommend you take advantage of this service. Inspection is usually from 3pm – 6pm the day prior to the auction and on the day of the auction from 8.30am.

Payment of Accounts

Please allow 10 to 15 minutes after purchasing your last lot before making your way to the accounts office for payment as this will allow us time to enter the results from the selling sheets.

Payment can be made by Cash, Cheque (with photographic identification ONLY), EFTPOS, Direct Deposit or approved Credit Card (Bank Card, Master Card, Visa).

Please note if using a credit card for payment a 2.2% administration charge will apply. All accounts should be settled within 24 hours.

Account Details:

Quaid Real Estate Trust Account
ANZ BANK
Account No.: 381839175
BSB No.: 014734

Once monies are deposited, a receipt from the Bank should be faxed to our Office on (07) 4051 9470. The receipt must be presented when collecting items purchased. If you have made arrangements with couriers to remove your items, you must ensure they have your receipt.

Catalogues

Catalogues for each of our auctions are usually available the day before the Auction is scheduled. Catalogues for our auctions are also available from our web-site www.quaid.com.au. Just follow the link to the Current Auctions page then click on the Catalogue Download button, or E-Mail Us to be added to our email database to recieve a copy of the flyer and catalogue.

Multiple Items

If a lot has more than one item listed, the lot is sold on a per-each basis with the highest bidder for that lot usually given the option to take one or more at that bid price, the under bidders will then have the opportunity to purchase the items at the same bid price. Underbidders will generally be given the first opportunity to purchase the remaining lots, so if you do not bid you may miss out.

Buyers Premium

This is a commission paid on the knockdown price of any lot purchased and forms part of our fee for conducting the auction. The premium is added to your invoice but shown separately.

Referred Bids

If bidding does not reach the value the vendor is seeking, the auctioneer may refer the highest bid. Should your bid be referred please check at the auction office to see if your bid was successful.

Auction Calendar

All forthcoming auctions are to be found on our: Auction Calendar

Goods and Services Tax (GST)

The catalogue and advertisements for each auction will clearly state if the auction is being held on GST inclusive or exclusive basis. Inclusive auctions include GST in the knockdown price, where GST exclusive auctions have the GST added to the knockdown price. The GST component of your purchase is clearly identified on your Quaid Auction Tax Invoice.

Occupational Health & Safety Obligations
  1. The legislation imposes obligations, such as providing and maintaining a safe work environment and preventing exposure to and protection from hazards on persons who use or operate plant in a workplace and on employers whose employees use or operate plant. If the buyer intends to use plant purchased at this auction, at a workplace then it is the responsibility of the Buyer to inform themselves of these obligations.
  2. Unless otherwise stated the plant sold at this auction has not been assessed or inspected by a competent person and it may or may not be affected by faults or defects, which make it unsafe for use. It is the responsibility of the Buyer to ensure assessment and inspection by a competent person.
  3. The Buyer is warned that items not previously assessed or inspected by a competent person may be suitable for scrap or spare parts only.
  4. The Legislation requires that owners of plant maintain safety and health information and records. The Auctioneers will pass on to the buyer all information made available to them by the owner, but the auctioneer does not warrant that the information and records are complete and accurate. It is the responsibility of the Buyer to familiarise themselves with all relevant information and records.