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Part 4Licensing Authorities of secondhand dealers and pawnbrokers, and miscellaneous provisions
Transitional provisions

85Existing licence deemed to be transitional licence

  1. On the date on which this section comes into force, every person who, immediately before that date, held a licence issued under the Secondhand Dealers Act 1963, the Pawnbrokers Act 1908, or the Auctioneers Act 1928 is deemed to hold a licence issued under this Act, and such a licence is referred to in this section as a transitional licence.

  2. A transitional licence expires on the earlier of the following:

  3. the date on which the licence holder is granted a licence under Part 2; or
    1. the date that is 1 year later than the date on which this section comes into force.

      1. Despite anything in this Act, none of the following are obliged to hold a certificate:

      2. an individual who holds a transitional licence:
        1. a person who engages in transactions on behalf of a secondhand dealer who holds a transitional licence:
          1. a person who issues a pledge ticket on behalf of a pawnbroker who holds a transitional licence.

            1. Section 15(1) to (5) (which relates to the expiry and renewal of licences) does not apply to a transitional licence.

            2. If a person who holds a transitional licence applies under section 8 for a licence, the person must be treated as a person who does not hold a licence issued under Part 2.