If looking to make some extra cash, you might want to look around you and find some scrap metal to sell. You might be surprised to find a lot of ferrous and nonferrous scrap metals in your home or garage. If they’re not useful anymore, you can find a buyer that offers top cash for scrap metal, with an instant quote and free same-day pick-ups. It’s a quick and easy way to earn some cash while getting rid of unnecessary junk.
The problem is, there are shady businesses who don’t have your best interests and are simply looking to scam you. Hence, there are new and modern rules for buying and selling scrap metals in Sydney. Knowing these rules, particularly the Scrap Metal Industry Act 2016, can help you make informed choices when finding a legitimate and reputable scrap metal buyer that can pay a decent amount for your unwanted metals.
What Is The Scrap Metal Industry Act 2016?
This Act aims to regulate the scrap metal industry and help police address property crimes, including the theft and disposal of stolen metals and motor vehicles. It’s vital for businesses offering cash for scrap metal to follow the measures mentioned in the Act.
The Act Provides Certain Regulatory Measures, Including The Following:
- Businesses dealing in scrap metal must register with the Commissioner of Police.
- Scrap metal dealers cannot pay cash for scrap metals.
- Scrap metal dealers must keep and maintain transaction records, including the details of the sellers.
- Long-term and short-term closure orders must be provided regarding the premises where the scrap metal business is operating if not registered under the proposed Act or when major criminal offences have occurred on the premises.
- Scrap metal dealers aren’t allowed to accept motor vehicles and their components as scrap metal if they don’t have identification details.
- Police officers are allowed to enter the premises of the scrap metal business without a warrant to investigate and search, take photos and recordings, and copy and seize records.
All businesses offering cash for scrap metal must register with the local police force for licensing. So, check if the scrap metal recycler is licensed and verify it with the police before selling your scrap metals to them.
Other Things To Know
You should consider looking into the Scrap Metal Industry Regulation 2016, which supports the Act. It clarifies that scrap metal dealers aren’t obliged to record the motor vehicle’s unique identifier; if it was shredded, cubed, or crushed before being sold to them. Moreover, it states that aluminium cans are not ‘scrap metal,’ which means that dealers can pay cash if they buy them from you.
Where To Sell Scrap Metal
When you’re ready to earn cash for scrap metal, call Metal Force Recycling at 0403 191 732. We’re a licensed full-service scrap yard that recycled scrap metals and unwanted vehicles. We buy a wide array of ferrous and nonferrous metals and pay up to $9,000 for scrap cars, depending on their condition.
About The Author
Metal Force Recycling is a licensed Scrap Metal & Car Removal company that has been in the business for over ten years now. Yasin Azimi, the Chief Operations Manager at Metal Force Recycling is a professional scrap metal merchant in Sydney; dealing in all types of scrap metals & car removal services. He tries to assist you with his years of expertise in paying the best possible cash for unwanted scrap metal and junk car removal. This company also offers reliable service, instant cash coupled with a transparent, and hassle-free process. In addition, Yasin Azimi provides you with the best deals that you won't find in any other scrap metal & vehicle removal company!
