Thursday, 16 December 2021
Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation
I will associate myself with the Ceann Comhairle's earlier remarks on fellow Deputies and staff.
They have done a tremendous job in an extremely difficult year.
Earlier this year, the Government brought in legislation around ticket touting that banned above-price resales. It was progressive legislation, but there is also a practice going on, which I never heard of until recently, called "price scalping". This happens when something is in demand and there is not enough supply, for example, in relation to gaming consoles at the moment. The sting is that somebody buys the console for €500 and sells it to one of the high street shops which buy and sell products and which I will not name. The initial buyer gets a 10% premium and the company, which is not far from here, sells it for an exorbitant price, up to 175% of the retail value. If you go online or down to that shop, the product, which normally costs €500, costs €880. It is profiteering and touting by another name. Are there plans to ban this practice?