Queensland Consolidated Acts

SECOND-HAND DEALERS AND PAWNBROKERS ACT 2003 - SECT 60

60 Pawnbroker must not sell property before redemption period expires

(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.

Penalty—

Maximum penalty—200 penalty units.

(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.

(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.

Penalty—

Maximum penalty for subsection (3) —20 penalty units.