You must have a valid licence to be a second-hand dealer or pawnbroker in the Northern Territory.
You can get a licence as an individual, partnership or corporation, that lasts for a period of one, two or three years.
Licences are not transferable.
You may be fined up to 2500 penalty units or $360,000 for operating without a licence.
When you do not need a licence
You do not need a pawnbroker or second-hand licence if your primary business is any of the following:
- firearms dealer
- motor vehicle dealer
- registered financial corporation
- sale of second-hand parts for motor vehicles, including tyres but not including audio equipment, roof racks or other accessories.
A second-hand dealer licence is also not required if you trade in legally exempted goods.