31ANotice as to proceeds of sale

#### 31A Notice as to proceeds of sale 31A Notice as to proceeds of sale > > (1) Subject to subsection (2), a pawnbroker who sells pawned goods must, before the end of the period of 21 days commencing with the date of the sale, give the person who pawned the goods a notice informing the person— > > > > > (a) of any amount that may be claimed by the person as surplus proceeds of the sale, and > > > > > (b) that the person is entitled to receive that amount from the pawnbroker at the business premises of the pawnbroker or in another manner as agreed, within 12 months after the sale. > > > > Maximum penalty—50 penalty units. > > > (2) Subsection (1) does not apply where— > > > > > (a) the person who pawned the goods has requested the pawnbroker in writing not to send the notice under that subsection, or > > > > > (b) the amount that may be claimed is less than $50 or such other amount as may be prescribed instead. > > Note. > > The expression “surplus proceeds” is defined in section 3. > > **s 31A:** Ins 2002 No 104, Sch 1 \[28\]. Am 2018 No 65, Sch 7.11.