Pursuant to section 84 of the Secondhand Dealers and Pawnbrokers Act 2004, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following regulations.

1 Title

2 Commencement

3 Principal regulations

4 Regulation 5 replaced (Fees)

5 Fees

Regulations

1 Title

These regulations are the Secondhand Dealers and Pawnbrokers Amendment Regulations 2014.

2 Commencement

These regulations come into force on 1 August 2014.

3 Principal regulations

These regulations amend the Secondhand Dealers and Pawnbrokers Regulations 2005 (the principal regulations).

4 Regulation 5 replaced (Fees)

Replace regulation 5 with:
“5 Fees

“(1) The fees payable for applications are as follows:

“(a) for an application under section 8 of the Act by an individual for a licence, $410:

“(b) for an application under section 8 of the Act by a company for a licence, $230, plus $180 for each person concerned in the management of the company:

“(c) for an application under section 21 of the Act for a certificate—

“(i) by a person concerned in the management of a company that is applying concurrently for a licence under section 8 of the Act, $1:

“(ii) by any other person, $180.

“(2) The fees prescribed in these regulations are inclusive of goods and services tax.”

Martin Bell,
for Clerk of the Executive Council.

Explanatory note

This note is not part of the regulations, but is intended to indicate their general effect.

These regulations, which come into force on 1 August 2014, amend the Secondhand Dealers and Pawnbrokers Regulations 2005. The amendments effect changes to the fees payable for an application made under the Secondhand Dealers and Pawnbrokers Act 2004 (the Act) for a certificate.

The purpose of the amendments is to adjust the fees to reflect the cost of undertaking the required eligibility checks under sections 24 to 27 of the Act.

If at the same time as a company files an application for a licence a person concerned in the management of that company files an application for a certificate, then in context of the latter application no eligibility check need be made in respect of the person. This is because eligibility checks in respect of that person will be undertaken in the context of the company’s licence application.

Accordingly, the fee payable for an application under section 21 of the Act for a certificate in such circumstance is reduced.

Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 3 July 2014.

These regulations are administered by the Ministry of Justice.

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Secondhand Dealers and Pawnbrokers Amendment Regulations 2014