Australian Capital Territory Consolidated Acts

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STOCK ACT 2005 - SECT 35

Person to tell owner and chief executive about impounded stock

    (1)     If a person other than the chief executive impounds stock, the person must—

        (a)     take reasonable steps to identify the owner of the stock; and

        (b)     if the owner is identified—

              (i)     tell the owner that the stock has been impounded; and

              (ii)     ask the owner to remove the stock.

Example for par (a)

an earmark or brand on the stock may be used to identify the owner

Note     An example is part of the Act, is not exhaustive and may extend, but does not limit, the meaning of the provision in which it appears (see Legislation Act, s 126 and s 132).

    (2)     The person must tell the chief executive that the stock has been impounded if—

        (a)     the owner of the stock is not identified; or

        (b)     the owner is identified and does not remove the stock within 24 hours after being asked to remove the stock.



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