Australian Capital Territory Consolidated Acts

PAWNBROKERS ACT 1902 - SECT 13

    (1)     The period during which a pawned article may be redeemed (the "redemption period") is—

        (a)     3 months; or

        (b)     if a longer period is agreed to by the licensed pawnbroker and the person pawning the article—the longer period.

    (2)     A pawned article that is not redeemed by the end of the redemption period for the article is forfeited to the licensed pawnbroker who has the article, and may be sold or disposed of in another way.

    (3)     An agreement for the forfeiture of a pawned article before the end of 3 months is void.