14Redemption of pledges

### 14 Redemption of pledges > > (1)  The period for redemption of any goods taken in pawn is to be 6 months or such longer period as may be agreed by the parties at the expiration of which period the goods are to be forfeited and may be sold. > > > (2)  A pawnbroker who sells or otherwise disposes of any goods before the expiration of the period provided for redemption under [subsection (1)](#GS14@Gs1@EN) is guilty of an offence and is liable on summary conviction to a fine not exceeding 10 penalty units. > > > (3)  A pawnbroker who proposes to sell goods forfeited under [subsection (1)](#GS14@Gs1@EN) must, unless the goods do not exceed in value such amount as may be prescribed – > > > > > > (a) cause those goods to be sold by auction; and > > > > > > > (b) at least 14 days before the sale, give notice in writing of the sale by certified post to the person who would have been entitled to redeem the goods; and > > > > > > > (c) keep a record of the sale in the prescribed form. > > > (4)  Where the proceeds of a sale pursuant to [subsection (1)](#GS14@Gs1@EN) exceed the amount owing to the pawnbroker under the contract of pawn, the balance of those proceeds is recoverable from the pawnbroker as a debt in a court of competent jurisdiction by the person who would have been entitled to redeem the goods. > > > (5)  Where – > > > > > > (a) the proceeds of a sale pursuant to [subsection (1)](#GS14@Gs1@EN) exceed the amount owing to the pawnbroker under the contract of pawn; and > > > > > > > (b) on demand within the prescribed period by the person who would have been entitled to redeem the goods, the pawnbroker fails to pay the balance of the proceeds to that person – > > > > the pawnbroker is guilty of an offence and is liable on summary conviction to a fine not exceeding 10 penalty units. > > > (6)  A conviction under [subsection (2)](#GS14@Gs2@EN) or [(5)](#GS14@Gs5@EN) does not limit any civil liability of the person convicted to the owner of the goods or any other person who would have been entitled to redeem them.