News

Ontario scraps ticket resale price cap, increases fines for violating ticket law

Ontario scraps ticket resale price cap, increases fines for violating ticket law
Business
TORONTO -- Ontario is scrapping part of a law that would have capped ticket resale prices at 50 per cent above the original face value.

The Progressive Conservative government paused implementation of that section of the Ticket Sales Act -- brought in by the previous Liberal government -- shortly after the election last year. Now, as announced in its new budget, it is cancelling the rule.

"It was unenforceable," Government and Consumer Services Minister Bill Walker said Monday. "It was like a lot of things with the Liberals. It was a nice soundbite, but there was no enforcement."

Ticket resale site StubHub had warned the previous government that artificially controlling a global market would lead to resales being "driven off of secure channels" into the black market.

The business community had also pushed back against the rule, with the Ontario Chamber of Commerce telling the then-attorney general in 2017 that Ontario ticket businesses would be harmed while those located outside the reach of the province s laws would be undeterred.
Read more on CTVnews
News Topics :
Similar Articles :
Canada
TORONTO – Ontario is scrapping part of a law that would have capped ticket resale prices at 50 per cent above the original face value. The Progressive Conservative government paused...
Canada
TORONTO — Ontario’s newly elected Progressive Conservative government has halted changes to sports and concert ticket price legislation that would have capped resale values for events across the province. A...
Canada
TORONTO A number of laws passed by Ontario s previous Liberal government have been put on hold by the newly elected Progressive Conservative regime, including measures to tighten rules...
Entertainment
Changes to ticket selling laws include banning so called scalper bots, which buy a large number of tickets online for an event and then resell them at a large profit....
Canada
Mon, May 8 A new poll shows that a majority of Canadians say “ticket bots”, which buy up huge batches of concert tickets for resale in just seconds, are a...