(1) This regulation applies if—
(a) a second-hand dealer buys goods of a kind mentioned in regulation 5 (2) (a) or (b); and
(b) the dealer buys the goods for the purpose of selling, or disposing of, them to someone else.
(2) The dealer must make a record of the following:
(a) the date and time when, and place where, the dealer bought the goods;
(b) a description of the goods, including colour, any brand name, serial number or other identifiable number and any hallmark, inscription or engraving on the goods;
(c) the amount paid for the goods;
(d) the stock number given to the goods by the dealer.
(3) If the goods are sold or disposed of to someone else, the dealer must make a record of the following if the value of the goods is more than $50:
(a) the date and time that the dealer sold or disposed of the goods;
(b) the other person's full name and home address;
(c) the stock number given to the goods by the dealer.