16Records

#### 16 Records 16 Records > > (1) A licensee must keep records, in the manner and containing the particulars prescribed by the regulations, of all transactions— > > > > > (a) for the acquisition or disposal of second-hand goods, or > > > > > (b) for the redemption of any pawned goods, or the disposal of any forfeit pledge, > > > > and of such other matters pertaining to the business of a licensee as the regulations may prescribe. > > > (2) A licensee must keep records, in the manner and containing the particulars prescribed by the regulations, of all persons employed in the licensed business. > > > (3) The promoter of any market must keep records, in the manner and containing the particulars prescribed by the regulations, of all vendors selling second-hand goods at the market on any day, and of the kinds of goods sold by them and any other prescribed particulars. > > > (4) A requirement under this Act to keep a record is a requirement to keep it— > > > > > (a) so that it is readily able to be produced to an authorised officer if an authorised officer should require its production, and > > > > > (b) in English. > > > (5) A person required by this section to keep a record must retain the record for a period of 3 years after it is made. > > > (5A) A licensee must, if required to do so by the regulations, furnish to the Commissioner of Police, within the prescribed time after it is made, particulars of any record required to be kept by the licensee by or under this Act. > > > (6) If the regulations require a record kept under this section to be signed by a person making any entry in it or by a person who is the owner or consignor of goods to which the record relates, that person must sign it. > > > (7) Without affecting the generality of subsections (1) and (2) or the power of the Secretary under section 11, the regulations may make provision for or with respect to requiring the use by licensees of electronic methods of creation and storage of records that licensees are required under this section to keep. > > Maximum penalty—50 penalty units. > > **s 16:** Am 1997 No 55, Sch 2.11 \[1\] \[2\]; 1998 No 24, Sch 1 \[5\].