Section 2: Restriction on imported gold

(1) A person shall not sell or attempt to sell personally or by any other person in the service or on behalf of that person an imported gold except with the prior consent in writing of the Minister.

(2) A police officer not below the rank of Assistant Superintendent of Police may, on due application being made to that officer by a goldsmith, issue to the goldsmith a permit to purchase imported gold which permit is subject to the conditions endorsed on the permit.

(3) A person shall not personally or by any other person in the service or on behalf of that person purchase or attempt to purchase an imported gold unless under the authority of a permit.

(4) A person who contravenes a provision of subsection (1), (2) or (3), and a person found in possession of an imported gold without the consent of the Minister in writing to sell imported gold, or a permit to purchase imported gold, and who does not prove possession of the imported gold prior to the coming into force of this Act, to the satisfaction of the Court commits an offence and is liable on conviction to a fine not exceeding five hundred penalty units or to a term of imprisonment not exceeding two years, or to both the fine and the imprisonment and the imported gold shall be forfeited and shall be dealt with as provided in subsection (5) of section 1.

(5) For the purposes of this section, gold other than gold jewellery, shall be deemed to be imported gold, proof to the contrary of which lies on the person selling, purchasing or in whose possession the gold is found.6(6)