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| Thread ID: 56010 | 2005-03-25 00:35:00 | New Second Hand Dealers Act - 1 April | 14_with_black_bean_sauce (7493) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 337730 | 2005-03-25 00:35:00 | Is anyone here going to be affected by the new 2nd hand goods dealers act? Comes into force 1 April. Apparently if you are in the business of buying and selling 2nd hand goods of > $2k then you must register. If you are affected, will you register? If so why? If not, why? What are your thoughts? Is this yet another underhand tax on just doing business? Info available here : www.justice.govt.nz www.legislation.govt.nz www.trademe.co.nz |
14_with_black_bean_sauce (7493) | ||
| 337731 | 2005-03-25 05:55:00 | Quote:What are your thoughts? Is this yet another underhand tax on just doing business? Thoughts as they arise: Well secondhand goods dealers have always had to be licensed, this is a revision to the previous act. Maybe as they say the intention is to make it a bit harder to trade stolen goods, but also one way to crack down on the "black economy". It's a one off fee, so it isn't all that onerous. I have no doubt that information about registered second hand dealers will be shared with IRD and Work and Income. There are a lot of people making a living buying through auctions and garage sales, and selling through TradeMe etc. Many of these will not be declaring their income, or be registered for GST. The 'golden days' of buying PCs from auctions and re-selling through T&E and TradeMe, and making a reasonable buck on the deal are probably over. The "happy days" were around 1995/2000 roughly. The act won't affect 'ordinary people' selling their PC or household goods, or even the small time people who see a chance to re-sell a bargain for a profit. Then there is enforcement, I cant see any government employing more public servant to enforce the new law. I mean they are not even enforcing the new mandatory road rules, according to our local free newspaper. |
Terry Porritt (14) | ||
| 337732 | 2005-03-26 01:08:00 | I can see where govt is coming from but I think I have been caught unintentionally. I have a service company (registered with companies office and IRD) and as an aside buy and sell printers - more than the threshold of $2k but it is a very very small part of the total business (less than 5%, heck probly less than 2%) - supply tax invoices with everything sold so not ripping off IRD. Very small part of the business but opens other other channels (e.g. cartridges and support) and is a range extension / extra service for existing clients. Not dealing in consumer electronics or jewellery or other high risk items, just 2nd hand office printers and 9 out of 10 is business to business. But I take your point Terry that enforcement probly isn't going to happen so why bother registering? There must be others here that buy and sell PC bits and would be caught by the act. Heads in the sand? Or don't want to declare in public forum that you are trading? |
14_with_black_bean_sauce (7493) | ||
| 337733 | 2005-03-26 01:59:00 | I'd have thought that if you were a company selling to the public, then it really would not be much of a problem to fork out the $350 for a license, and you would have that "warm feeling" of having done the right thing, like buying shareware :) It is unregistered black economy traders that may have to look over their shoulders :rolleyes: |
Terry Porritt (14) | ||
| 337734 | 2005-03-27 09:11:00 | I think the rule changes in the Bill are OK,ie:trade in second-hand goods on 6 or more occasions in one year or $2K income,being one of them,but the Fee increase leaves a lot to be desired! Why couldn't they have left the present lifetime fee of $150 in place?Bit unfair on the existing dealers who will also have to pay the 5 year fee of $350!(they do get until 1 April 2006 to renew!) If it does hinder the fencing of stolen goods,then fair enough(might get the Police off the roads?),and the $350 equates to $1.35 a week over 5 years,not as much as the success fee on a TradeMe sale of $25.00! Cheers K :) |
kiwitas (6582) | ||
| 337735 | 2005-03-27 09:33:00 | Second hand dealers and pawn shops buy and sell stolen goods . The more checks on such activity, the better . :stare: |
personthingy (1670) | ||
| 337736 | 2005-03-27 10:06:00 | Second hand dealers and pawn shops buy and sell stolen goods. How did you come up with that? The $350 + $150/director is yet another tax on doing business - I'd like to see the Wgtn beerocrats try and run their own business. I'm not prepared to pay $500 to have a good warm feeling - I could pay much less elsewhere and feel much better! |
14_with_black_bean_sauce (7493) | ||
| 337737 | 2005-03-27 10:48:00 | How did you come up with that? I had squatters in my home while i was away about a year ago who sold most of what they "found" there to support their habits . :yuck: I give you 2 guesses where i found the stolen object i did recover . :mad: Talking with police on the subject, they seem convinced that there would be less burglaries if there were tighter controls on the secondhand market . Sadly, i agree . |
personthingy (1670) | ||
| 337738 | 2005-03-28 00:39:00 | I'm not prepared to pay $500 to have a good warm feeling - I could pay much less elsewhere and feel much better! Problem always lurking in the background is that your local opposition or a disgruntled customer can put your pot on anytime. The enforcement people don't really have to have too many people out in the field. ;) | Scouse (83) | ||
| 337739 | 2005-03-28 01:14:00 | Hard luck personthingy. Bad karma! I don;t think I explained it enuf Scouse (the warm feeling comment was intended as a joke). Don;t get me wrong - I too want to see a crack down on the trade in 2nd hand goods and the scumbags deserve what they get. However, the fee is excessive for people such as myself who get caught under this act unintentionally - why pay $500 just to be in business when crooks hardly record their occupation as 'professional thief' with IRD or govt? Would the crooks bother to register? I doubt it. Add the $500 to all of the other costs of being in business and yes this is just another tax on doing business - this govt seems hell bent on making life difficult for those who try to make a living for themselves. Life would be much easier on the dole I'm sure but that's not a serious option. In my previous post, I said I think we are caught under this act by accident. Our situation is that we are 99% business to business, on the whole we don't deal with the general public, we have no retail presence, we are not pawn brokers nor traditional 2nd hand dealers, we are a service company but we do have sales of >$2k of 2nd hand goods. Why bring ourselves to the attn of authorities by registering when we could 'slip under the radar' by not registering, given we are not a pawn broker, dealer in scrap metal or a traditional 2nd hand goods dealer? Plus the last time I looked, the black market in 2nd hand printers was pretty thin. There must be others on PF1 who are also buying and selling 2nd hand computer bits, components, PC's etc. If so, it would be good to hear your opinion. The lawyers are conspicuous in their absence - don;t they have an opinion? |
14_with_black_bean_sauce (7493) | ||
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