128
In forceApplication of proceeds of sale
Part 6APrevention of criminal consorting
128 Application of proceeds of sale
(1)
The proceeds of the sale of a vehicle, load or other thing under section 127 must be applied in the following order—
(a)
in payment of the expenses of the sale;
(b)
in payment of the moving expenses and giving notice under section 126;
(c)
if there is an amount owing to an entity under a security interest registered for the vehicle, load or other thing under the Personal Property Securities Act 2009 (Cwlth)—in payment of the amount owing under the security interest;
(d)
in payment of any balance to the owner.
(2)
Compensation is not recoverable against the State for a payment under this section.
This Act’s bill:Explanatory memorandum
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