Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) If impounded stock is not released within 14 days after the day notice of the impounding is given to the owner, or published, under section 37 (2), the chief executive must offer the stock for sale at auction.
(2) If the stock is not sold at auction, the chief executive—
(a) may sell the stock in another way; and
(b) if selling the stock in another way—must take steps to obtain the best price possible in the circumstances.
(3) If the chief executive cannot sell the stock, the chief executive may destroy it and dispose of it in any way the chief executive considers appropriate.