SPECKLE PARK AUCTION Terms and Conditions
(b)
Guarantees are provided by the Vendor of each respective Lot only, unless stated otherwise.
Definitions Agent means Gilliland Livestock Marketing Pty Ltd ABN 66 202 001 096. Auction means the Hot Spot Multi-Vendor Auction conducted on 20 September 2025. Bidding Conditions means terms pursuant to which a Buyer registers to participate in this Auction. Buyer means the legal entity to whom a Lot is considered as sold to, on the fall of the hammer. Examine r means the person who examined a female being presented for sale as PTIC. Guarantee means any guarantee or warranty provided in respect of a Lot in these Terms and Conditions or implied by law. Lot means a lot in this catalogue, presented for sale in the Auction. Promoter means Ceres Property Holdings Pty Ltd ACN 617 295 986 as trustee, trading as Ivery Downs Speckle Park. PTIC means in the opinion of the of the Examiner, the relevant female was in calf on the date stated. SPI means Speckle Park International Limited. Stud Lot means each of live Lots 1 to 57, being purebred bulls and purebred females, not including calves at foot. Vendor means the legal entity associated with the stud listed as the vendor of a Lot. Conditions Acknowledgement By participating in the Auction, you are deemed to acknowledge and agree to these Terms and Conditions. Registration Terms These Terms and Conditions apply in addition to the Bidding Conditions. To the extent of any inconsistency between the Bidding Conditions and these Terms and Conditions, these Terms and Conditions apply. Multi-Vendor Auction The Auction has been organised by the Promoter however, each Lot is presented for sale by its respective Vendor. (a)
The Promoter provides no warranties or guarantees in respect of the Lots and accepts no liability or responsibility to any Buyer in respect of any Lot whatsoever. GST All Lots are sold exclusive of GST. The purchase price will be the total of the successful bid price plus GST. Payment terms All Lots are sold ‘per each’ (i.e the purchase price is on a per head basis). (c) (a)
All Lots are at the risk and expense of the Buyer immediately on the fall of the hammer. Neither the Vendor nor the Promoter will be responsible for any loss or damage to a Lot from this time. It is recommended each Buyer consider the need to take out appropriate insurance cover in respect of their purchased Lot/s. Buyers with an approved credit facility with the Agent must pay the Agent for Lots purchased in accordance with the terms of that facility. For Buyers without an approved credit facility with the Agent, invoices will be issued by the Agent to each Buyer following the Auction. Invoices must be paid in full before live Lots may be transported from the Auction venue. Title to each Lot will pass to the Buyer upon receipt of payment of the relevant invoice.
(b)
(c)
(d)
(e)
In the Vendor’s absolute discretion, Lots that have not been paid for by the date 14 days after the date of invoice may be considered forfeited, in which case the Buyer will have no claim or entitlement in respect of the relevant Lot. Transport (f)
(a)
Transport of all live Lots is the Buyer’s responsibility, and at the Buyer’s cost. The Buyer must cause its live Lots to be removed from the Auction venue by 5pm on the day following the Auction. Buyers will be responsible for the Promoter’s reasonable costs associated with the care of live Lots remaining at the Auction venue after this time. These costs are to be paid to the Promoter before the relevant Lots are transported from the Auction venue. Unless agreed with the Promoter prior, any live Lots remaining at the Auction venue on the date 2 business days after the Auction will be considered abandoned and forfeited to the Promoter. Forfeiture of a Lot does not release the Buyer from the liability to pay the purchase price of the relevant Lot/s.
(b)
HOT SPOT MULTI-VENDOR SPECKLE PARK AUCTION
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