Making records—goods bought from exempt entities—Act, s 6 (1)
10 Making records—goods bought from exempt entities—Act, s 6 (1)
This section applies if—
a licensed second-hand dealer buys second-hand goods from an exempt entity; and
the dealer buys the goods for the purpose of selling, or disposing of, them to someone else.
The dealer must make a record of the following:
the date and time when, and place where, the dealer bought the goods;
a description of the goods, including colour, any brand name, serial number or other identifiable number and any hallmark, inscription or engraving on the goods;
the amount paid for the goods;
the stock number given to the goods by the dealer.
If the goods are sold or disposed of to someone else, the dealer must make a record of the following if the value of the goods is more than $50:
the date and time that the dealer sold or disposed of the goods;
the other person’s full name and home address;
the stock number given to the goods by the dealer.
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