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

57Redemption price

  1. The redemption price of any pawned goods is—

  2. the amount of money advanced on the goods; plus
    1. the redemption fee payable by the pledger on redemption of the goods.

      1. A pawnbroker may charge only a redemption fee, and not any other fee or charge (however described), as part of the redemption price of pawned goods.

      2. A pawnbroker may advance only money, and not any other thing, on a pledge.

      Notes
      • Section 57(1)(b): amended, on , by section 137(1) of the Statutes Amendment Act 2019 (2019 No 56).
      • Section 57(2): amended, on , by section 137(2) of the Statutes Amendment Act 2019 (2019 No 56).