business.gov.au

Trader Licence (Pawnbroker) - Australian Capital Territory

Description

You will need this category of Trader Licence if you intend to act as a pawnbroker. Pawnbrokers are involved in the:

  • advance of money on the security of goods pledged by the customer
  • offer goods for resale.

You may apply for this licence if you are:

  • an individual
  • a partnership
  • a corporation
  • an association under the Association Incorporation Act 1991.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible for this licence you must:

  • be at least 18 years of age
  • not have committed an offence against the Act or a corresponding law of another State or Territory
  • not have committed an offence involving fraud or dishonesty
  • not have been refused a licence, or had a licence cancelled or revoked under this Act or a corresponding law of another State or Territory
  • pay all the relevant application fees.

If you hold a licence in another State or Territory and intend to conduct work in the Australian Capital Territory your licensing status may be recognised under the mutual recognition system.

Ongoing eligibility requirements

To comply with this licence you must maintain a register detailing:

  • an accurate description of pawned articles
  • the amount lent
  • the rate of interest (weekly or monthly)
  • the date the article was pawned
  • the address given by the person.

Duration

1 to 5 years

Fees

Fees Details for this service in table format.

Task Type Business Structure Amount Description
Apply Application All $173.00

One year. Fees for 2023-24
Apply Application All $78.00

For 10 days in 1 year. Fees for 2023-24
Apply Application All $786.00

Five years. Fees for 2023-24

Act(s) name

Traders (Licensing) Act 2016 Australian Capital Territory

Regulation(s) name

Traders (Licensing) Regulation 2017 Australian Capital Territory

Application process

Apply

Your completed application must be supported by two forms of personal identification for each individual, partner or executive officer, and any other documentation as needed by the authority. Please view the application form for details.

Administering agency

Justice and Community Safety Directorate

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.