Australian Capital Territory Consolidated Acts

PAWNBROKERS ACT 1902 - SECT 15

    (1)     This section applies to an article—

        (a)     taken in pawn by a licensed pawnbroker from a person; and

        (b)     on which more than $500 was lent to the person by the pawnbroker; and

        (c)     that is forfeited under this Act.

    (2)     The article must be sold by public auction.

    (3)     On 2 separate occasions at least 4 days before the proposed sale, the pawnbroker must publish a written notice about the sale in a newspaper published and circulating in the ACT.

    (4)     The notice must contain a list of the articles to be sold by auction and the date each article was pawned.

    (5)     A licensed pawnbroker who sells an article otherwise than in accordance with this section must pay the owner of the article $500.