If you haven't bought from Inglis previously, you should complete a New Buyer Form and submit it to the Sales Day Office, prior to the commencement of the sale and before bidding on a horse. You should familiarise yourself with the Conditions of Sale, our payment terms and how GST may apply to your purchase.
Should you wish to use an agent to purchase a lot on your behalf, or if you are acting on behalf of another individual, please refer to the Agents section below.
BE SURE TO EXAMINE THE HORSES AND READ THE CONDITIONS OF SALE PRIOR TO BIDDING
For information on how to read a pedigree, please click here
If you are a successful bidder at the Auction, you will be required to sign an Acknowledgement of Purchase slip, which will be brought to you by an Inglis staff member. Along with all your personal details and signature, it is important to indicate on the slip if you require insurance and the horse to be scoped (where applicable).
Please go to the sales day office after signing the Acknowledgement of Purchase.
Our payment terms are cash at the time of purchase, in accordance with the Conditions of Sale.
For purchasers intending to use electronic funds transfer our account details are:
Across the counter deposits can be made through any ANZ branch.
Should you wish to make alternative arrangements, these terms must be agreed with William Inglis & Son Ltd three (3) working days prior to the sale. You should not assume that arrangements made at a previous sale apply to any subsequent sale.
All enquiries regarding terms of payment should be directed to:
National Finance Relationship Manager
E: email@example.com Ph: (02) 9399 7999
E: firstname.lastname@example.org Ph: (03) 9333 1422
We wish to point out to you, in your own interest, the position of a bidder at auction who purchases on behalf of another party.
When the bidder discloses his/her Principal after purchase, we stress that there is no obligation on the part of William Inglis & Son Limited to send the account to this Principal. The person purchasing the horse in the sale ring remains liable for payment under the Conditions of Sale.
If the account is sent to the Principal, who subsequently defaults, then responsibility for payment remains with the person purchasing in the sale ring. In some cases, Agents purchase horses with the later intention of finding a Principal. Before making purchases, Agents should appreciate their liability for payment in the terms of the Conditions of Sale. Terms of payment will be strictly enforced.
Where a Principal wishes to appoint an Agent prior to purchasing, an 'Appointment of Agent' form, as provided in our catalogues, should be submitted to and accepted by Inglis prior to the sale.
Click here for an 'Appointment of Agent' form.
Goods and Services Tax (GST)
You should assume that GST applies to all purchases, unless otherwise noted in our catalogue. GST free transactions shall be noted as "No GST". In those instances where more than one party owns the horse, and not all parties are GST registered, the percentage of total GST payable will be noted. For example, "with 50% GST" implies that only half the owners are registered for GST and therefore only half the applicable GST will be charged on the purchase.
Following is an extract from the Conditions of Sale regarding GST at auction:
- GOODS AND SERVICES TAX (GST)
13.1 Bidding will be on a GST exclusive basis. Where the vendor of a lot is registered for GST and the lot is sold, GST will be added to the final bid price.
13.2 The vendor will pay GST on all supplies provided by the auctioneer and on all supplies provided by the auctioneer as agent.
13.3 The auctioneer is entitled to rely on all representations made by the vendor, regarding the vendor's GST registration status.
13.4 Where the lot is to be exported, a refund of GST may be available on application to the Australian Taxation Office if its criteria for a refund have been satisfied. Prospective exporters should make and rely upon their own enquiries in relation to GST issues. The auctioneer shall not have any responsibility or liability to a vendor or a purchaser in relation to export/GST issues.
13.5 The auctioneer shall not in any circumstances have any liability or obligation to the vendor or the purchaser in relation to GST, and specifically shall not be under any obligation to pay to the vendor any amount in respect of GST on a sale unless and until the auctioneer has been paid the relevant GST by the purchaser.