You will require this registration if you intend to run a business that deals in second-hand goods (second-hand dealer), or loans money on the security of goods (pawnbroker). Second hand goods are any goods which have been worn or used. For example, you must be registered if you:
- operate a traditional second-hand goods store (e.g. auto parts sellers, motor mower and chainsaw dealers, music dealers, computer hardware and software dealers, or an electronics dealer)
- are a scrap metal dealer who deals in copper, gold or silver
- are an antique dealer
- regularly operate a market stall at which non-exempt second-hand goods are sold (other than for charitable purposes)
- operate a pawnbroking business (e.g. lend money on the security of pawned goods).
Charitable organisations are not required to be registered. Licensed motor car traders may deal in second-hand motor car parts without being registered.
If your business involves pawnbroking in addition to holding registration as a second hand-dealer you will need to apply for your registration to be endorsed for pawnbroking and pay an annual endorsement fee.
Exempt goods include but are not limited to:
- clothing, including footwear
- salvaged building material including doors, window frames, tiles, bricks and timber
- domestic white goods, including refrigerators, freezers, washing machines, clothes driers, ovens and ironing presses (but not portable or camping refrigerators or microwave ovens)
- factory seconds
- books, magazines and periodicals.