New South Wales Consolidated Acts

PAWNBROKERS AND SECOND-HAND DEALERS ACT 1996 - SECT 29

29 Redemption of pawned goods

(1) Pawned goods may be redeemed at any time--

(a) during the period of 3 months commencing on the date they were pawned, or

(b) during such longer period, commencing on that date, as may be agreed.

(2) When the redemption period has expired, pawned goods may still be redeemed at any time before they are sold (or, in the case of goods consigned for auction, at any time before they are consigned for auction).

(3) A provision in or condition of any agreement that purports to limit the period of 3 months referred to in subsection (1)(a), or that purports to limit or restrict the operation of subsection (2), is of no effect.

(4) An agreement for the purposes of subsection (1)(b) may be made at any time before the pawned goods are sold.

(5) A pawnbroker must not sell any goods before the redemption period has expired.

(6) A pawnbroker must not permit any goods to be redeemed without taking such steps as the regulations may require in relation to ascertaining the identity of the person redeeming them or without complying with any other requirement prescribed by the regulations in relation to the redemption of those goods.

: Maximum penalty--50 penalty units.