TASIn ForceAct
Second-hand Dealers and Pawnbrokers Act 1994
13Form of notice to be given by pawnbrokers
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### 13 Form of notice to be given by pawnbrokers
> > (1) A pawnbroker must, at the time of taking any goods in pawn, give to the person pawning the goods a notice signed by the pawnbroker specifying –
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> > > > (a) the rate of interest payable on the money lent and the total amount of interest payable on redemption of the goods pawned; and
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> > > > (b) the date before which the goods pawned may be redeemed.
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> > (2) A notice under [subsection (1)](#GS13@Gs1@EN) is to state –
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> > > > (a) that the goods will be forfeited on failure to redeem them before the date specified under [subsection (1)](#GS13@Gs1@EN) [(b)](#GS13@Gs1@Hpb@EN) ; and
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> > > > (b) that the owner of the goods will be entitled on demand to the balance of the proceeds of sale; and
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> > > > (c) such other matters as may be prescribed.
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> > (3) If a pawnbroker takes goods in pawn without giving to the person pawning the goods a notice in accordance with this section, the pawnbroker is guilty of an offence and is liable on summary conviction to a fine not exceeding 5 penalty units.