People trying to resell Taylor Swift tickets could be slapped a hefty fine of $500,000

People trying to resell their Melbourne Taylor Swift tickets are warned they could be slapped with a $500,000 fine.

Well, it seems as though some are taking advantage of the fact that Swiftmania has landed Down Under.

However, scalpers and resellers could face a hefty fine if they advertise or sell tickets for more than 10 per cent above the face value of the original tickets.

According to 9News, Minister for Tourism, Sport and Major Events Steve Dimopoulos said: “As the live music capital of Australia, Melbourne is Taylor-made to host iconic events like this.

Associated Press / Alamy Stock Photo

“By protecting our major events from ticket scalpers, we’re ensuring fans have the best chance possible of seeing their music idols.

“Our message to ticket scalpers is clear — don’t sell Taylor Swift tickets at inflated prices, otherwise, you will be fined.”

And the same applies to NSW too, so don’t even think about Sydneysiders, as you could potentially face a fine of $110,000 if it is a corporation or $22,000 for an individual.

Even if it is in high demand.

Earlier today (June 28), as the presale for tickets to Taylor Swift’s Eras Tour began, Aussie fans trying to get their hands on a ticket have broken a new record.

By 8:30am more than 800,000 Swifties were in Ticketek's virtual ‘lounge queue’, setting a new record for the queue in Australia.

And that was a whole hour and a half before tickets for Swift’s two Sydney concerts went on sale.

Ticketek confirmed, during the presale, that they were still operating with a statement on Twitter reading: “The Ticketek site is working, and fans are successfully purchasing tickets.”

Although a limited American Express presale opened Monday, the site crashed and only sold exclusive VIP packages.

For Swifties who couldn’t secure tickets, Shake It Off because further tickets will be released to the general public Friday 12pm.

Fingers crossed, you can snag one, friends.