27Pawnbroker’s record of pledges

27 Pawnbroker’s record of pledges

27 Pawnbroker’s record of pledges

(1) For the purposes of section 28(2)(a) of the Act, a fair and reasonable description of goods must include—

(a) for a mobile phone—the International Mobile Equipment Identity (IMEI) number of the mobile phone, and

(b) for a mobile phone, tablet, computer or laptop, containing a wireless local area network (WLAN) interface—the media access control (MAC) address for the interface.

(2) For the purposes of section 28(2)(f) of the Act, the following particulars are required to be included—

(a) if the owner of the goods is an individual—the owner’s date of birth shown in a document issued by an Australian or foreign authority,

(b) if the owner of the goods is a corporation—the owner’s ABN shown in a document issued by an Australian authority,

(c) if the goods are pawned by an individual as the agent of the owner—the agent’s date of birth shown in a document issued by an Australian or foreign authority,

(d) the identity of the person who took the pawn on behalf of the pawnbroker, which may be indicated by the name of the person or by a number by which the licensee can identify the person,

(e) a statement of the frequency with which interest charges are to be debited and of the times at which interest charges are payable,

(f) a statement to the effect that, if provision is made for interest charges to be payable at intervals of greater than 1 month, the interest charges may instead be paid at monthly intervals at the option of the person who pawned the goods,

(g) the address of the premises where the goods will be located during the redemption period,

(h) if the goods consist of more than 1 item—a statement as to whether or not the goods may be separately redeemed,

(i) the date on which the redemption period ends.

(3) In this clause—

Australian authority and foreign authority have the same meanings as in clause 19.