The 6 Month Rule
By David J Underhill
Recently I posted the following on the Small Business forum FLyingSOLO.com.au.
As usual , Assertions, BS, and just plain "Make it up as I go along" seems to be the basis for most people's objections to the removal of this regulation
(NO FS Members It was NEVER A LAW and auDA has no power to set PRICES for domains or C.O.R. transfers)
Facts/
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There was 2 Regulations covering the resale.
- The 6 month rule.
- The one prohibiting Purchase based solely on the plan to resell at a later date.
- The purchase and later resale of domains (or more correctly the license to use the name) is as legal and as valid as selling a CAB license or selling a Radio Spectrum License. Both of these have been subject to squatting as well as legal trading. There is a big difference between Buying names and reselling them for a profit if that is your business model or Holding a large portfolio to hold business purely for ransom to get them form you is not.
- Domaining Professionals are normal SMALL Business men and women doing what I thought this Forum was all about. Small businesses buy a product maybe at a very cheap price, maybe add some value to it by promoting it or enhancing it. They then sell at a FAIR PRICE to interested RETAIL customers. No different to IGA buying Baked Beans for 30c a CAN in BULK, advertising it on TV and then reselling to their franchised Supermarkets for 45c a can. The local IGA then advertises the Can of Baked Beans for 99c and a Retail customer happy to find a reasonable priced can of Beans buys it at the checkout. It would be a different business model if the BakedBeanSquatter bought up every can of beans and waited until someone wanted a can and said $50 please. No domainer (private) or Domaining Business (LIKE OMG - a Fairfax company) would or could buy every name available.
- Domain or Cybersquatting regulations are still in place as are Rules coverng the ownership of TM'ed, or Registered Company Business Names. This includes misleading,Mis-spelt and Sound alike Names like googel.com.au
Remember this!
- Miss Information is never a good choice for a debate.
- General Knowledge is to be selected for all comments.
- Major Research is sometimes the Goto Guy for anything you need to know
- Private Business is the usually the one that gets the blame for the SNAFU's
