You will need a pawnbroker licence to lend money on the security of pawned goods.
You will need a second-hand dealer licence to buy or sell prescribed goods that have been used, or are represented by the vendor to be goods that have been purchased by a third party but are unused (for example, an unwanted gift).
Prescribed goods include:
- items of jewellery (including watches) that include gemstones or precious metals
- gemstones and precious metals
- sporting and recreational goods
- electric or electronic pianos and other musical instruments (not including pianos that are not electric or electronic)
- photographic equipment (including digital cameras and digital imaging equipment)
- portable engine-powered, motorised or air-powered tools and equipment
- watercraft of any description used or capable of being used as a means of transportation on water (including parts of a water craft)
- electric or electronic goods (other than microwave ovens, refrigerators, washing machines or other whitegoods)
- computer hardware and interactive game consoles
- tablet computers
- devices designed to play digital files (such as MP3 players and DVD players)
- mobile phones
- car accessories
- Global Positioning System (GPS) equipment.
If you intend to undertake both of these activities, you may apply for a combined licence.
