Pawnbrokers Amendment Act 1984 (WA)

WESTERN AUSTRALIA.

PAWNBROKERS

No. 71 of 1984.

AN ACT to amend the Pawnbrokers Act 1860.

[Assented to 26 November 1984.]

BE it enacted by the Queen's Most ExcellentMajesty, by and with the advice and consent

of the Legislative Council and the Legislative Assembly of Western Australia, in this present Parliament assembled, and by the authority of the same, as follows:—

1. (1) This Act may be cited as the Pawnbrokers Mnrtlir2pal

Amendment Act 1984.	Act.
Reprinted in

(2) In this Act the Pawnbrokers Act 1860 is Sess. Vol. 1928 and

referred to as the principal Act.

amended by Acts Nos. 13 of 1944. 54

of 1948 and

94 of 1972

(as amended

by No. 19 of

1973).

No. 71.] Pawnbrokers. [1984.

Section 3

amended. 2. Section 3 of the principal Act is amended by deleting "applying for it on payment of" and sub- stituting the following-

" applying for it on payment ".

Section 27A

inserted. 3. The principal Act is amended by inserting

after section 27 the following section-

Licensed

pawnbroker	({ 27A. (1) A pawnbroker licensed under this
not to buy

article and	Ordinance shall not buy an article from
grant option
to purchase	another person (in this section called "the
article to
seller thereof	seller") at a certain price (in this section
at higher
price.	called "the first price") and, having so bought the article, grant to the seller an option to purchase the article within a particular period at a price higher than the first price.
Penalty: $5 000 or imprisonment for 3 months.
(2) This section shall cease to have effect on the expiration of 12 months calculated from the day on which it came into operation. ".