ALLBIDS Blog

1. Registration

1.4 - You must provide us with an active mobile phone number.

4. Obligations As A Bidder

4.1 - When you use the Service and bid on an item during an online auction conducted on our Site, you are making an offer to buy the item at your bid price. If your bid price is the Winner's Bid Amount, you will be the Winning Bidder and are obliged to purchase the item you have bid for and pay the Winner's Bid Amount, plus any additional charges that you may be obliged to pay. REMEMBER: When you make a bid you are entering into a legally binding contract. Do not bid on an item unless you are able and willing to pay for it.

When registering and placing a bid you acknowledge that you are entering into a legally enforceable contractual agreement as follows:

> 4.1.a. That if you are the successful high bidder you will pay for and collect your items within the stated time;
> 4.1.b. That if you fail to do so, you will be liable for our reasonable costs in either, and at our discretion, (i) enforcing specific performance of the contract (that you pay for and remove your lots won plus any accrued storage charges as detailed in our terms and conditions), OR (ii) us making good with the vendor of the lot/lots. Accordingly:

> 4.1.b. (i) If we seek specific performance of the contract then the applicable application fee to lodge a civil dispute hearing with the ACT Administrative Appeals Tribunal (ACAT) and any other service or filing fees that follow that process, or;

> 4.1.b.(ii) If we proceed to make good with (pay out) the vendor/vendors in a timely manner, then an administrative fee equal to the buyer’s premium on each lot you have defaulted on, or $50 per lot, whichever is greater, PLUS the shortfall (if any) being the difference between the price obtained if the lot is resold and your previous winning bid price. These amounts will be debited to your buyer account. If we have to take legal action to recover these amounts from you, then you will also be liable for the ACAT application fee and any other service or filing fees that follow that process.