Cancellation of Licences
Your licence will be cancelled by the Secondhand Dealers and Pawnbrokers Licensing Authority if:
- you become ineligible to hold a certificate; or
- the Authority is satisfied that the licence was issued by fraud or mistake.
A company licence holder's licence will be cancelled if
The Secondhand Dealers and Pawnbrokers Licensing Authority must also cancel the company's licence if:
- the company is convicted of an offence against the Secondhand Dealers and Pawnbrokers Act 2004 which carries a fine in excess of $2,000; and
- there are no special reasons why the company's licence should not be cancelled.
New persons concerned in the management of a company
Your company's licence will not be cancelled merely because a person concerned in your company's management has joined it since the licence was issued, if:
- within two weeks of that person joining the company's management, your company applies to check the person's eligibility to be issued with a certificate;
and either:
- the Authority has not determined the eligibility of that person to hold a certificate; or
- it is less than two weeks since the Authority advised your company that the person was not eligible to hold a licence.
That means a company has two weeks from the time it is advised that new person is ineligible to hold a certificate to remove that person from the it's management or its licence will be cancelled. A company should take legal advice on managing the appointment of new members of management.
For more information on having the eligibility of a new member of the
company's management checked by the Authority, refer to the
Ministry of Justice's website.
Written notification
The Licensing Authority will always notify a licence holder of the cancellation in writing. This notification will include reasons as well as stating the date on which the cancellation takes effect.
Obligations on licence holder when licence cancelled
A licence holder must return the licence and all certified copies of the licence to the Authority on cancellation of the licence
Offence
It is an offence, carrying a fine of up to $2,000, for a licence holder to fail, without reasonable excuse, to immediately return a cancelled licence and all certified copies of the licence to the Authority.
Appeals
A licence holder may appeal the Licensing Authority's decision in relation to the cancellation of a licence. Such appeals are made to the District Court. If you wish to appeal such a decision, you should appeal to the District Court within 20 days of the Authority's decision.
