326Duty to advise pawn ticket holders where pawn-broking

326 Duty to advise pawn ticket holders where pawn-broking business sold (1) Where a pawnbroker sells or transfers his or her business to a person (the purchaser), the rights and obligations of the pawnbroker in relation to each pawn ticket issued by the pawnbroker are transferred to the purchaser. (2) The pawnbroker must notify each holder of a pawn ticket of the transfer to the purchaser of the rights and obligations of the pawnbroker in relation to the ticket, unless the purchaser agrees in writing to give the notice. 20 penalty units or imprisonment for Consumer Affairs and Fair Trading Act 1990 135 (3) Where the purchaser agrees to give notice under subsection (2), he or she must notify each holder of a pawn ticket of the transfer of the rights and obligations of the pawnbroker in relation to the ticket to the purchaser. 20 penalty units or imprisonment for