Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) This section applies if a licensed pawnbroker takes in pawn an article on which money is to be lent to a person.
(2) Before giving the money to the person, the pawnbroker must make a record for the article that contains the following information:
(a) an accurate description of the article;
(b) the amount to be lent;
(c) the rate of interest to be charged on the amount, by the week or month;
(d) the date the article is pawned;
(e) the name and home address given by the person;
(f) if the period for redemption of the article is longer than 3 months—the period.
(3) The pawnbroker must not give the money to the person unless the pawnbroker reasonably believes that the name and address given by the person is accurate.
(4) A licensed pawnbroker must, in each calendar year, consecutively number the records for pawned articles made under this section, starting at 1 for the first pawned article.
(5) A licensed pawnbroker who, without reasonable excuse, contravenes this section commits an offence.
Maximum penalty: 20 penalty units.