Plain language law

New Zealand law explained for everyone

Secondhand Dealers and Pawnbrokers Act 2004

Obligations of licence holders, promoters, and Internet auction providers - Obligations of licensed pawnbrokers - Records and verification of identity

53: Storage of pawnbrokers record

You could also call this:

"Keeping Pawnbrokers' Records Safe and Available"

Illustration for Secondhand Dealers and Pawnbrokers Act 2004

You must keep your pawnbrokers record at your main place of business. You can also keep it elsewhere if the regulations say you can. You must keep the information about goods for at least 3 years. You must make your pawnbrokers record available for a constable to look at when they ask. If you do not store your record as required, you can get a fine of up to $10,000. You will only get a fine if you do not have a good reason for not storing your record correctly. A constable is a police officer. You have to keep your record so a constable can check it at a reasonable time. This means you cannot refuse to show your record to a constable if they ask to see it at a sensible time.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM305630.

This page was last updated on — View changes

Topics:
Business > Industry rulesMoney and consumer rights > Consumer protection
Previous

52: Verifying identity of pledgers, or

"Pawnbrokers must check who you are when you give them something"

Next

54: Police access to pawnbrokers record, or

""

Part 3Obligations of licence holders, promoters, and Internet auction providers
Obligations of licensed pawnbrokers: Records and verification of identity

53Storage of pawnbrokers record

  1. Every pawnbrokers record must be kept—

  2. at the pawnbroker’s principal place of business; or
    1. if regulations provide that pawnbrokers records may also be kept elsewhere, in accordance with the regulations.

      1. The information in the pawnbrokers record relating to any goods must be kept for not less than 3 years from the date of the transaction relating to those goods.

      2. Every pawnbrokers record must be available for inspection on request at any reasonable hour by a constable.

      3. A licensed pawnbroker commits an offence, and is liable on conviction to a fine not exceeding $10,000, if he or she fails, without reasonable excuse, to store his or her pawnbrokers record as required by this section.

      Compare
      • 1908 No 141 s 17
      Notes
      • Section 53(3): amended, on , pursuant to section 116(a)(ii) of the Policing Act 2008 (2008 No 72).
      • Section 53(4): amended, on , by section 413 of the Criminal Procedure Act 2011 (2011 No 81).