Pawnbrokers and Second-hand Dealers Amendment (Exemption) Regulation 2017 (NSW)

New South Wales

Pawnbrokers and Second-hand Dealers

Amendment (Exemption) Regulation 2017

under the

Pawnbrokers and Second-hand Dealers Act 1996

His Excellency the Governor, with the advice of the Executive Council, has made the following

Regulation under the Pawnbrokers and Second-hand Dealers Act 1996.

MATTHEW KEAN, MP

Minister for Innovation and Better Regulation

Explanatory note

The object of this Regulation is to exempt IBM Australia Ltd from the operation of certain provisions of the
Pawnbrokers and Second-hand Dealers Act 1996.
This Regulation is made under the Pawnbrokers and Second-hand Dealers Act 1996, including section 43
(the general regulation-making power).

Pawnbrokers and Second-hand Dealers Amendment (Exemption) Regulation 2017 [NSW]

Pawnbrokers and Second-hand Dealers Amendment

(Exemption) Regulation 2017

under the

Pawnbrokers and Second-hand Dealers Act 1996

1      Name of Regulation

This Regulation is the Pawnbrokers and Second-hand Dealers Amendment
(Exemption) Regulation 2017.

2      Commencement

This Regulation commences on the day on which it is published on the NSW legislation website.

3 Amendment of Pawnbrokers and Second-hand Dealers Regulation 2015

Clause 39 Specific exemptions from certain requirements

Insert after clause 39 (4):

(5)

IBM Australia Ltd is exempted from the operation of the following
provisions of the Act:

(a)	section 16 (1) of the Act, to the extent that it requires a licensee who carries on the business of a second-hand dealer to keep records containing particulars of the residential address and date of birth of an agent of a vendor or consignor (pursuant to clause 13 (2) (b)),
(b)	section 16 (5A) of the Act, to the extent that it requires a licensee to furnish to the Commissioner of Police particulars of a record to which an electronic record-keeping condition applies (pursuant to clause 16 (1)),
(c)	section 21 (1) of the Act, to the extent that it requires a licensee to retain second-hand goods purchased or received for a period of 14 days.