Plain language law

New Zealand law explained for everyone

We haven’t prepared a plain language version of this yet

We haven’t created a plain language version of this legislation yet. We’re working through New Zealand’s laws to make them more accessible to everyone, focusing on areas that impact the most people first.

If you’d like to see this particular legislation explained in plain language, please email us at hello@ackama.com with the subject “Plain language law” and mention this page — we’ll be happy to add it to our priority list.

Request a plain language version

Part 3Obligations of licence holders, promoters, and Internet auction providers
Obligations of licensed pawnbrokers: Pawnbroking

55Pawnbrokers not to enter into buyback contracts

  1. No licensed pawnbroker may enter into a buyback contract as a buyer while apparently acting in the business of a pawnbroker.