Stock Route Management Act 2002

This section applies if the owner of the seized stock does not claim the stock within 3 days after the owner is given the notice.

If the chief executive officer of the local government reasonably believes the stock have a market value of more than the amount prescribed under a regulation, the chief executive officer must sell the stock by public auction or tender.

If the chief executive officer reasonably believes the stock have a market value of the prescribed amount or less, the chief executive officer may dispose of the stock in a way the chief executive officer considers appropriate.

Compensation is not payable for a sale or disposal under this section.

For subsection (2), the amount prescribed must not be less than $1000.