(1) This regulation applies if—
(a) a second hand-dealer—
(i) sells second-hand goods to a person; or
(ii) disposes of second-hand goods in another way to a person; or
(iii) disposes of second-hand goods other than to a person; and
(b) the value of the second-hand goods is more than $50.
(2) The dealer must make a record of the following:
(a) the date and time when the dealer sold or disposed of the goods;
(b) the person's full name and home address or, if the goods were disposed of other than to a person, details of how the goods were disposed of;
(c) the stock number given to the goods by the dealer.