Conduct of business
14Records: disposal of metal
1
This section applies if a scrap metal dealer disposes of any scrap metal in the course of the dealer’s business.
2
For these purposes metal is disposed of—
a
whether or not it is in the same form in which it was received;
b
whether or not the disposal is to another person;
c
whether or not the metal is despatched from a site.
3
Where the disposal is in the course of business under a site licence, the dealer must record the following information—
a
the description of the metal, including its type (or types if mixed), form and weight;
b
the date and time of its disposal;
c
if the disposal is to another person, the full name and address of that person;
d
if the dealer receives payment for the metal (whether by way of sale or exchange), the price or other consideration received.
4
Where the disposal is in the course of business under a collector’s licence, the dealer must record the following information—
a
the date and time of the disposal;
b
if the disposal is to another person, the full name and address of that person.