7Records of goods purchased, pawned, forfeited or sold

7 Records of goods purchased, pawned, forfeited or sold

7 Records of goods purchased, pawned, forfeited or sold

(1) For the Act, section 16(1), the following particulars are prescribed for a transaction for the acquisition or disposal of second-hand goods, the redemption of pawned goods and the disposal of forfeit pledges—

(a) if the vendor is—

(i) an individual—the individual’s name, residential address and date of birth, or

(ii) a corporation—the corporation’s name, business address and ABN,

(b) if the transaction is conducted by an individual acting as the agent of the vendor—the name, residential address and date of birth of the agent,

(c) the number of each identification document relied on under section 16(1),

(d) the contract number for each transaction in which goods are pawned, bought or sold,

(e) the date on which the goods were dealt with,

(f) the date on which a pledge was—

(i) taken, or

(ii) forfeited, or

(iii) sold, or

(iv) otherwise dealt with,

(g) a description of the goods in the state the goods were in when the licensee received them, including the matters specified in the Act, section 28(2)(a),

(h) for goods purchased by the licensee—the price paid by the licensee,

(i) the location of goods not kept at the business or storage premises of the licensee,

(j) evidence of a search in a public register for encumbrances for the goods,

(k) if there is a sale price—the sale price,

(l) the name and address of the purchaser of the goods or forfeited items, unless—

(i) if there was a sale price—the sale price was less than $100, or

(ii) for a forfeited item—the item was sold by auction conducted away from the licensee’s business premises.