289H

Definitions for pt 4B

In force

In this part—

abandoned property means property that the port authority or port operator reasonably believes has been abandoned at the port authority’s or port operator’s port facilities including, for example—

(a)

a ship or a vehicle; or

(b)

a thing attached to, or contained in, a ship or a vehicle.

insufficient value property means abandoned property that is—

(a)

of no value; or

(b)

if sold by a port authority or port operator, would not be likely to return sufficient proceeds of sale to cover the total of the following amounts—

(i)

the expenses reasonably incurred by the port authority or port operator in selling the property;

(ii)

the expenses reasonably incurred by the port authority or port operator in dealing with the property under this part;

(iii)

the charges, interest and other expenses owing to the port authority or port operator in relation to the property.

This Act’s bill:Explanatory memorandum

Research tools for this sectionSubscription

Cited by Analyse Interrogate History Equivalents

The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.