Australian Capital Territory Consolidated Acts

PAWNBROKERS ACT 1902 - SECT 5

    (1)     If a person applies to the commissioner for a licence, or for renewal of a licence, the commissioner must issue a licence to the person or renew the licence if—

        (a)     the application complies with this Act; and

Note     If a form is approved under s 28 (Approved forms) for an application, the form must be used.

        (b)     if the person is an individual—the person is 18 years old or older; and

        (c)     the person is a suitable person; and

        (d)     if the person is a partner applying for a licence on behalf of the partnership—each other partner is a suitable person.

    (2)     A licence must state each premises where the holder of the licence may carry on business as a pawnbroker.

    (3)     A licence may be issued for up to 1 year.