Lot #505Lewei Glass Laminating Production Line

TERMS AND CONDITIONS OF SALE

1. The purchaser acknowledges that all sales conducted by the auctioneer are on the basis of being “GST” exclusive, and as such a GST amount of 10% (or whatever prescribed amount is in force by legislation) will be added to the bid price. Further, the purchaser acknowledges and agrees that in the absence of advice to the contrary, that all bids by the purchaser will be deemed to be exclusive of GST and that GST will be added to the bid price of all lots.
2. The purchaser acknowledges that at all sales conducted by the auctioneer, a buyer’s premium of 13.5% will be charged on the bid price.
3. As soon as practicable after the fall of the hammer the Purchaser shall sign the agreement (if any) for sale.
4. The Purchaser shall be deemed to purchase as principal unless prior to the sale –
   1. The purchaser shall have disclosed to the Auctioneer that he will be bidding on behalf of a principal and shall supply the full name and address of his principal; and
   2. The purchaser has given to the auctioneer a copy of a written authority to bid for, or on behalf of, another person.
5. The Auctioneer and Vendor reserve the following rights which may be exercised by the Auctioneer without giving any reason therefore –

1. to withdraw any lots from the sale;
2. not to offer for sale part only of any lot described in the catalogue;
3. to offer two (2) or more of the lots described in the catalogue as separate lots for sale together, as one (1) lot;
4. should such lots referred to in c) of these Terms and Conditions not be knocked down at the online auction to a successful bidder, to offer such lots as separate lots;
5. to refuse to accept a bid or bids from any person or persons which in the opinion of the Auctioneer is not in the best interest of the Vendor;
6. to refuse admission to/or eject from the selling place any person or persons;
7. to refuse to accept any bid for a lot being less than a sum nominated from time to time by the Auctioneer;
8. to keep secret the existence and amount of the reserve price (if any) of a lot prior to the close of bidding or withdrawal from sale of the lot;
1. if the Purchaser shall successfully bid for more than one lot at the auction;
10. to appropriate any moneys received from that Purchaser in satisfaction or partial satisfaction of the purchase price (and any taxes, if applicable) due in respect of any one or more of such lots to the total or partial exclusion of amounts due in respect of any other such lot, or lots, as the Auctioneer shall see fit;
11. to elect at any time to treat each contract for the sale of each such lot as interdependent with each other such contract or contracts and default under any such contract shall be treated as default under all such contracts;
50. to bid on behalf of any vendor, prospective Purchaser or Purchaser’s with or without disclosure; and
1000. if any lot is not sold at the auction to offer to sell same thereafter by private treaty but otherwise subject to these conditions.

6. The Vendor or any person on his behalf reserves the right to bid at the auction in respect to any lot. The Vendor acknowledges that for any successful bids he/she shall still be liable for the payment of any relevant commissions.
7. Any bidder shall give his full name and residential address at the time of registering to bid and when called upon to do so by the Auctioneer and –

1. Prior to the end of the auction or at any time thereafter specified by the Auctioneer the Purchaser shall pay to the Auctioneer the full price for the lot, plus any GST, license fee or any other government charge applicable to the goods.
2. The Auctioneer at his discretion may require immediate payment or part payment for a lot.
3. The purchase price and, where applicable, any part payment thereof, and GST shall be paid in either cash, bank cheque, credit card or bank transfer
4. Any balance of the purchase price for a lot shall be paid to the Auctioneer no later than the expiration of the period during which the Purchaser is required by the conditions to take delivery of the lot and he shall not be entitled to require delivery until the purchase price and, where applicable, GST, license fee or government charge shall have been paid in full; and
5. Time shall be of the essence in relation to the interpretation and observance of these conditions.

8. On the fall of the hammer, the Auctioneer may require, and the Purchaser shall pay a deposit by direct transfer or credit card of twenty five percent (25%) in part payment of the purchase price for the lots purchased by the Purchaser. In default, the lot or lots so purchased may at the absolute discretion of the Auctioneer be immediately re-offered for sale and re-sold.
9. No error in description or deficiency in quantity shall void the sale and the Purchaser shall be bound to take the delivery of the lot without any allowance or abatement in price. Any warranties which might otherwise be implied by the Sale of Goods Act, 1923, are hereby excluded and shall not apply. The Auctioneer and the Vendor make no warranties other than those implied by Common Law or by statute, the exclusion of which warranty would render this condition void or voidable, or which would constitute an offence by the auctioneer or the Vendor. Intending bidders must satisfy themselves by inspection or otherwise as to the nature of the lot or lots offered for sale and must accept same with all faults, patent or latent (if any). Furthermore, no warranty shall be implied from any affirmation made at the auction or otherwise but in all cases where an express warranty is intended, the same shall only be enforceable of reduced to writing and signed by the Vendor or by the Auctioneer as agent for the Vendor.
10. Each lot shall lie at the purchaser’s risk from the fall of the hammer and neither the auctioneer nor the Vendor shall be accountable for any deficiency, damage or loss which may arise thereafter. The property in such lot shall not pass until payment in the approved manner as advertised at the auction in full of the purchase price and, where applicable, GST, buyers’ premium, license fee or government charges.
11. No lot shall be removed during the sale without the consent of the auctioneer, but subject to condition 10 hereof, delivery is to be taken and the lot removed by the Purchaser within the specified period of time as advised by the Auctioneer at the time of sale and, in this respect, time is of the essence. Any removal shall be at the expense and risk of the Purchaser but, in such removal, the Purchaser shall do no damage, or shall forthwith make good any damage, which may be occasioned. Any lot not removed within the prescribed collection period shall be deemed abandoned and forfeited by the Purchaser, and all rights, title and interest of the Purchaser in the lot shall immediately cease and revert to the Vendor and/or Auctioneer without compensation, refund or further notice to the Purchaser. The Vendor and/or Auctioneer may thereafter deal with, dispose of, resell or otherwise remove the lot at their absolute discretion.
12. In addition to the purchase price, the Purchaser shall pay to the Auctioneer a fee calculated at the rate of up to thirteen and a half per cent (13.5%) of the full purchase price excluding GST State or Federal taxes that may be applicable.
13. If the Purchaser shall default in the observance or performance of his obligation under these conditions or any one or more of the then any moneys which the Purchaser shall have paid to the Auctioneer shall be absolutely forfeited and, without notice to the Purchaser, such lot or lots may be re-sold either by public auction or private contract and upon such terms and conditions as either the Auctioneer or the Vendor shall deem fit at the risk and expense of the Purchaser who shall be liable for any deficiency together with all expenses of removal, commission, warehousing and other charges arising out of such default and the Auctioneer or the Vendor shall be entitled to recover same as and for liquidated damages. Without limiting the generality of the foregoing, the Auctioneer shall be entitled to recover from the purchaser -

1. the amount of any commission upon the purchase which the Purchaser did not complete, the commission being determined by the agreement between the parties;
2. such sum for expenses and charges incurred by the Auctioneer in connection with or incidental to the auction and in respect of any such re-sale; and
3. where applicable, any GST, value added tax or any other tax relating to or arising from the sale of the property or any part thereof of the Vendor.

14. Furthermore, the purchaser shall take or cause to be taken all reasonable and proper steps as far as is reasonably practicable to ensure that, the lot or lots purchased shall be safe and without risks to health when properly used.
15. In these Conditions the word “Auctioneer” means Hymans Asset Management Pty Limited or any member of the Hymans Group (as determined by the originating office) except that where the context so permits it shall include the persons conducting the auction on behalf of Hymans Asset Management Pty Limited.
16. In these Terms and Conditions, the word “Purchaser” refers to the registered bidder.

 

NOTES FOR REGISTERED BIDDERS

The following notes for registered bidders are supplementary to the above noted Terms and Conditions of Sale and are only intended to assist bidders in properly and conveniently affecting their purchases.

Special Notes:

A buyer’s premium of 13.5% + GST will apply on all lots sold.

The hammer price of all lots is GST exclusive and as such, GST of 10% will be added to the bid price and buyer’s premium.

Example:

Bid Price:	$100.00
Plus, Buyer’s Premium:	$  13.50
Sub-total:	$113.50
Plus GST:	$  11.35
Invoice Total:	$124.85

 

Site Management:

The Site Managers and contact details for this auction are:

Mark Tallon:  0416 151 664 mtallon@hymans.com.au
Andrew Cai:  0405 330 589 acai@hymans.com.au
CJ Asuncion-Byrd:  0404 712 215 cjasuncion@hymans.com.au 

Registration:

Buyers must register prior to bidding and obtain a bidder number which will be issued by the website prior to bidding. The registration application will be approved by Hymans staff and a notification will be forwarded to the registrant via email.

Deposits:

• A deposit of $100.00 is required at registration. The deposit will be immediately refunded in full if no lots are purchased by the buyer.
• If a buyer makes substantial purchases (to be determined by the auctioneer) a deposit of between 10% and 25% may be required prior to the conclusion of the auction.

Payment Options:

Payment must be made within 48 hours of receiving an invoice.

• Direct deposit to the auctioneer’s trust account is available. Account details are as follows:

Bank:	NAB
Account Name:	Hymans Asset Management – Trust Account
BSB:	084-435
Account Number:	44-596-8524

 

• Payment of invoices can also be made via Visa Card, MasterCard, American Express, or EFTPOS only.

 

Insurance:

The bidder is at risk on the fall of the hammer on each lot and is therefore strongly advised to effect insurance immediately. Neither the auctioneer nor the vendor will be held responsible for any loss or damage to any lot after the fall of the hammer and buyers should be aware of the other terms affecting the sale that may preclude them from taking delivery of their lots immediately upon the fall of the hammer.

Transfer of Title:

Title shall only pass at such time that accounts are fully paid.

Collection of Lots:

Full payment must be made before any goods will be released.

All lots must be paid for within 36 hours of the auction concluding and removed by 5:00 PM AEST Friday 29th January 2027, from all locations.

Any lot not collected within the designated collection period shall be deemed abandoned and forfeited by the Purchaser. Upon forfeiture, all rights, title and interest in the lot shall immediately cease without compensation, refund or further notice, and the Vendor and/or Auctioneer may deal with, dispose of, resell or otherwise remove the lot at their absolute discretion.

Equipment that requires disconnection from water, electricity, gas, or other such services is at the expense of the purchaser and disconnection work must be carried out by a GOLD LICENCE trade person. The licence must be presented prior to the commencement of works. Disconnection must be completed carefully and left in a safe and neat manner.

All removal work will be inspected to ensure it complies with the above. If we are not satisfied with the removal work, we reserve the right to request further work be carried out or undertake rectification work ourselves which will be charged to the Purchaser.

Special Note:

No lifting or handling equipment is supplied by the Vendor/Auctioneer.

We recommend organising your own lifting and handling equipment which can be organised in conjunction with other buyers. If you are a purchaser of the major equipment the Auctioneer will put you in touch with other buyers to make your arrangements for crane/forklift hire. If you are the purchaser of palletised stock or other assets that can be lifted by a conventional forklift, we will also provide details of other buyers that you may want to coordinate your collection with. Again, please note that only licensed persons will be allowed to drive forklifts. The licence will be inspected prior to access by the auctioneer.

 

There are overhead cranes on the property which will be available during the delivery period. Any purchaser wishing to use the overhead cranes must be licensed and present the license to the Auctioneer prior to using the cranes.

 

Payment will only be accepted from, and delivery given to the Purchaser, of the lots at the auction sale. Any transfer of lots between buyers can only occur after the lots have been removed from the site by the Purchaser at the auction sale.

 

First Right of Refusal

During the sale, we may offer the highest bidder the “first right of refusal” over similar lots. For example, if there are ten identical units, the highest bidder on the first unit may choose to take one or all ten at the initial hammer price. Live simulcast bidders – watch the chat box to find out more. If the highest bidder chooses to take multiple lots, they will be sold to the highest bidder and will not be offered individually.

Mixed Lots:

Any buyer who purchases a mixed lot, a scrap lot, an “allowance for items,” or “contents,” is responsible for the removal of all items within the scope of that lot. Any remaining items left onsite will be disposed of at the expense of the buyer.

 

 

RISK KEY CODE

Purchasers are required to carefully assess all risks associated with the operation of the asset in line with but not limited to, the following schedule of identifiable hazards:

Risk Code	Hazard Advice / Action Required
0	No Apparent Hazards Should only be used as per manufacturers specifications
1	Manuals & Service History There are no manuals or instructions available There is no service history or maintenance records
2	Electrical Items Requires testing prior to use All leads and adaptors should be tested by an accredited tester or electrician for faults and tagged in accordance with AS/NZS 3760 and AS/NZS 3000 Power must be isolated during cleaning or servicing Must only be used with an earth leakage circuit breaker
3	Safety Apparel Ear protection must be worn during operation; and/or Face protection must be worn during operation; and/or Eye protection must be worn during operation; and/or Hand protection must be worn during operation; and/or Foot protection must be worn during operation; and/or
4	Clothing Appropriate clothing must be worn by the operator Loose fitting clothing must not be worn
5	Safety Guards Safety guards are fitted which must not be removed as detailed in AS 4024
6	Safety Guards Safety guards are missing Should not be operated until safety guards which meet with the manufacturers’ standards are fitted
7	Manual Handling Care must be taken when lifting heavy items Item containing glass or other fragile components must be carefully transported Be careful when removing items attached to walls in case they fall Secure all moving and removable parts prior to transporting items
8	Damaged Items Item is damaged as will be offered for sale as scrap only
9	Noise Must have the sound pressure level tested prior to commissioning and if over 85db(A) or if the impact noise is greater than 140db(A), then signage warning the users to wear hearing protection must be attached
10	Fire Fighting Equipment An accredited contractor must inspect and allocate a date tag in accordance with AS 1851-2005 Sect. 15 & 16 (6 monthly) and assess to AS 4655 (annually) Fire extinguishers - Clearly visible signs of both the fire extinguisher icon and fire extinguisher type must be installed above the fire extinguisher in accordance with AS 2444 All fire extinguishers must be mounted not less than 100mm from the ground and not higher than 1200mm for the floor as detailed in AS 2444 Once installed, all fire extinguishers should made easily accessible and cleared of any obstacles Staff must be trained to use fire protection equipment in accordance with AS3745 and OH & S Chapter 4
11	Paper Shredders The operator must not place hands close to shredding blades
12	First Aid and Safety Equipment All contents to first aid kits / boxes / cabinets must be carefully checked and any expired stock must be disposed Once installed, a clearly visible sign of the first aid icon (green cross) must be installed above the first aid station All safety apparatus should be tested for relevant compliance prior to use or installation.
13	Decommission & Removal Requires a licensed tradesman or technician for decommissioning and re-installation
14	Calibrated Equipment Must be re-calibrated by a certified contractor prior to use
15	Contaminates Must be carefully checked and cleaned of contaminates from prior use
16	Equipment Under Pressure Must be certified by an accredited contractor in accordance with AS/NZS 3788 (bi-annually) and once relocated and installed, a certificate of currency must be displayed nearby
17	Forklifts & Attachments Where applicable, the operator must have a certificate of competency as per WorkCover regulations If ride-on, must be fitted with roll over protection If to be used on roads or public traffic areas, must be registered (NSW Conditional) Only attachments designed to be used with this model of forklift should be used The advised safe working load of all lifting attachments must not be exceeded
18	Pneumatic Tools Must be carefully inspected prior to deployment
19	Lifting Equipment Must be used only in line with manufacturers specifications The advised safe working loads must not be exceeded
20	Hydraulic Tools Must be carefully inspected prior to deployment
21	Gas Cylinders Must be adequately secured - by chain and/or with warning signage Must have a valid date stamp Must not be transported in an enclosed vehicle
22	Explosives Fastening charges must only be used as detailed in the Dangerous Goods Act 1975
23	Equipment Used at Heights Must be only be used in accordance with the manufacturers’ specifications
24	Dangerous Goods If classified as such under the NSW Dangerous Goods Act, Australian Dangerous Goods Code must be stored in accordance with that Act and Code
25	Ventilation & Extraction Adequate equipment must be used with this item This item must only be used in an area with adequate ventilation
26	Registration All mobile plant if to be used on roads or public traffic areas, must be appropriately registered All mobile plant must be roadworthy in addition to the above i.e. all warning lights and signals must be working
27	Professional Competency Must only be utilized by a skilled operator
28	Machinery Space Plant must have adequate workspace surrounding it when commissioned to allow for loading and unloading of work pieces and materials and the safe working space for operators
29	Conveyors Must comply with AS 1755 regarding design, construction, installation, and operations
30	Pipelines & Ducts Signs indicating the contents of pipelines must be installed in accordance with AS 1345
31	Licensing Only appropriately licensed personnel must operate