You need a pawnbroker licence to run a business offering loans to people who leave items of value as collateral.
Second-hand goods are those that have been used, and goods that have not been used but have been purchased before.
You need a second-hand dealer licence to deal in:
- items of jewellery that include gemstones or precious metals, including watches
- gemstones and precious metals
- electric or electronic goods, such as mobile phones, GPS equipment and audio devices
- computer hardware, such as tablet computers and video game consoles
- photographic and video equipment, including digital cameras, digital imaging equipment and video recording devices
- musical instruments
- sporting and recreational goods
- watercraft used or capable of being used as a means of transportation on water, including parts of a watercraft
- portable engine-powered, motorised and air-powered tools and equipment
- car accessories.
These licences can be issued separately, or together as a combined licence. The different classes are:
- Pawnbroker licence.
- Second-hand dealer licence.
- Pawnbroker and second-hand dealer licence.
