QLDIn ForceAct
Second-hand Dealers and Pawnbrokers Act 2003
sec.60Pawnbroker must not sell property before redemption period expires
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### sec.60 Pawnbroker must not sell property before redemption period expires
A pawnbroker must not sell or dispose of property, taken by the pawnbroker as a pawn, before the redemption period expires for the property.
Maximum penalty—200 penalty units.
The redemption period for property taken as a pawn is 3 months from the day the person pawned the property, or a longer period agreed between the pawnbroker and the person.
If a redemption period longer than 3 months is agreed to, the pawnbroker must enter the agreed period in the property register for the transaction.
Maximum penalty for subsection (3) —20 penalty units.
(sec.60-ssec.1) A pawnbroker must not sell or dispose of property, taken by the pawnbroker as a pawn, before the redemption period expires for the property. Maximum penalty—200 penalty units.
(sec.60-ssec.2) The redemption period for property taken as a pawn is 3 months from the day the person pawned the property, or a longer period agreed between the pawnbroker and the person.
(sec.60-ssec.3) If a redemption period longer than 3 months is agreed to, the pawnbroker must enter the agreed period in the property register for the transaction. Maximum penalty for subsection (3) —20 penalty units.