Australian Capital Territory
Pawnbrokers (Fees) Determination 2013 (No 2)
Disallowable instrument DI2013-295
made under the
Pawnbrokers Act 1902, s 27 (Determination of fees and charges)
EXPLANATORY STATEMENT

The fee determination sets fees for pawnbrokers.  The determination replicates the Pawnbrokers (Fees) Determination 2013 that it revokes and replaces.  The only changes are that it provides that fees can be paid annually and provides for a three year licence fee. 

The changes to the fee determination follow the commencement on 22 August 2013 of the Justice and Community Safety Legislation (Red Tape Reduction No 1 – Licence Periods) Amendment Act 2013.  The Act provides for the issue of licences of up to three years for pawnbrokers.  

Under the determination a fee for a three year licence is three times the annual fee.  For example the fee for a three year licence under item 63 of the existing fee determination is $390 which is three times the existing fee of $130.  

Licensees will be able to elect to apply for either a one or a three year or for a licence that is shorter than a year. 

The instrument also provides that fees can be paid annually.