Property Raffle: is this even legal?

Discussion in 'The Buying & Selling Process' started by TMNT, 23rd May, 2019.

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  1. TMNT

    TMNT Well-Known Member

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    TMNT, 23rd May, 2019
    #1
  2. Marg4000

    Marg4000 Well-Known Member

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    Yes, she can’t lose.

    But it’s not technically a raffle. She is selling crap-looking enlarged photos of animals for $55 (?) each. With each picture you get a free ticket in a prize draw (the property).

    Probably how she gets around the law. You buy (and get) a photo so no rights to a refund as you got what you paid for- the prize ticket is free. Anyone buying one of her photos probably deserves all they (don’t) get.
    Marg
     
    Marg4000, 24th May, 2019
    #2
  3. Trainee

    Trainee Well-Known Member

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    Wonder how the tax would work?
     
    Trainee, 24th May, 2019
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  4. inertia

    inertia Well-Known Member

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    A similar thing was done in Newcastle to sell/raffle a bar - buy a "2 for 1 meal voucher" for $25, and you got 5 tickets in the draw to win the bar plus $30000 cash. The business was allegedly valued at about $150000, and the ticket sales brought in over $300000.

    Cheers,
    Inertia.
     
    inertia, 24th May, 2019
    #4
  5. bmc

    bmc Well-Known Member

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    bmc, 24th May, 2019
    #5