Pawnbroker or Second-hand Dealer's Licence - New South Wales

Description

You will require a pawnbroker licence if you intend to lend money on the security of pawned goods.

You will require a second-hand dealer licence if you intend 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
  • water craft 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 and DVD players and iPods)
  • mobile phones
  • car accessories
  • global positioning system equipment.

This document provides further information about applying for the Pawnbroker or Second-hand Dealer's Licence. To apply, complete the Application for a Licence form.

Other forms and related documents are available on the Fair Trading website.

If you intend to undertake both of these activities, you may apply for a combined licence. Please consult the Contact Officer for more information or visit the website.

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 18 years old or over
  • be considered fit and proper for the purposes of the licence
  • not be a disqualified person, as defined under the Act
  • not have been charged or convicted of any offence in relation to dishonesty
  • provide address details of the premises where goods will be held, stored and sold.

For more details, applicants are advised to read the 'Pawnbrokers / Second-Hand Dealers Licensing Guidelines' before completing the licence application.

Duration

Up to three years.

Expiry

Licence expires if renewal is not lodged by the due date. Refer to Pawnbrokers / Second-hand Dealers Licensing Guidelines for more details.

Fees

Fees Details for this service in table format.

Task Type Business Structure Amount Description
General Duplicate Certificate Sole Trader, Partnership, Company, Trust, Co-operative, Incorporated Association, Other $46.00 -
Apply Application Sole Trader, Partnership, Company, Trust, Co-operative, Incorporated Association, Other $526.00 -
Renew Renewal Sole Trader, Partnership, Company, Trust, Co-operative, Incorporated Association, Other $427.00 Fee for restoration of licence.
Renew Renewal Sole Trader, Partnership, Company, Trust, Co-operative, Incorporated Association, Other $380.00 -

Approval Time

Please allow 28 days for your application to be processed.

Administering agency

Department of Finance, Services and Innovation

NSW Fair Trading

Contact details

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

Licensing Officer, Business Licensing

Mailing address: Locked Bag 5138
Parramatta
New South Wales 2124
Phone: 02 9619 8700
Phone: 13 32 20
Email: businesslicensing@finance.nsw.gov.au