Information On Payment For Buyers

Procedure For Payment 

Successful purchasers will be emailed an invoice within 2 working days of the close of an auction or a confirmed private sale. The invoice will include the final bid price, the buyer’s premium, shipping, and sales tax if applicable.

Payment must be received in the currency as stated in the invoice within 5 working days of the close of an auction or confirmed private sale.

Collection of artworks or initiation of any freight logistics is not possible until full payment has been received and funds are cleared.

How To Pay

Payment should be made by direct fund transfer (internet banking or bank transfer).

In certain circumstances, extension of payment or payment terms may be granted at the discretion of Ocula Black. Arrangements may be able to be made for payment by cheque or cash and also credit card however payments (if agreed) by credit card will incur a surcharge.

Payment by direct fund transfer should be made to:

ANZ Bank
312 Ponsonby Rd
Ponsonby
Auckland
New Zealand

OCULA Ltd
Account No: 01-0249-0183236-00
Swift Code: ANZBNZ22

* Please use your username and invoice number as your reference for direct payments.

Should you require further information or have a particular requirement please contact us or call us in New Zealand on 09 3033 126 or in Australia on 1800 045 308

Tax & Royalties

Any duties or taxes, including Goods & Services Tax, for importation of artworks purchased through Ocula Black are the sole responsibility of the buyer and it is advised that potential buyers do their own due diligence prior to bidding.

Any artworks sold through Ocula Black are on a GST inclusive basis (where GST applies). GST is included in the final bid price when buying from a GST registered vendor however GST is added to the buyer’s premium and any additional fees or services charged by Ocula Black.

If a buyer is deemed a “non-resident” or if the artwork is to be exported out of the country the buyer may be able to recover GST paid on the final bid price if certain conditions are met. Please note however that GST on the Buyer's Premium is non refundable as this tax is deemed to be on services provided within Australia or New Zealand. We recommend that you contact your accountant for further advice on GST or export/import related enquiries.

Potential purchasers of Australian artworks should be aware of The Resale Royalty Right for Visual Artists Act 2009, which was introduced on the 8th June, 2010. Under the Act, artists and their beneficiaries are entitled to a 5% royalty on the resale price for certain re-sales of their work. For further information on the Act please see the Department of the Environment, Water, Heritage and the Arts website at www.arts.gov.au/resale_royalty. The Australian Government has engaged Copyright Agency Limited (CAL) to collect and distribute any artists’ resale royalties due. Ocula Black is obliged to provide information to CAL on all commercial re-sales, whether or not a royalty is payable on the resale.


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