(1) If the petroleum plant is not duly removed
under this Division, the Minister may direct that the petroleum plant be sold
by public auction.
(2) Any petroleum plant remaining unsold after the public
auction is held may be sold by private treaty.
(3) The following amounts are
to be deducted from the proceeds of any such sale--
(a) the costs of the sale
and of any matter incidental to or connected with the sale,
(b) the costs of
removing from the land concerned any petroleum plant remaining unsold after
the public auction,
(c) any amount owing in respect of compensation under
Part 11,
(d) any other amount that the Secretary certifies to be a deductible
amount.
(4) Any balance remaining is to be paid to the Chief Commissioner as
unclaimed money, and section 10 (2) and Part 4 of the Unclaimed Money Act
1995 apply to the balance so paid as they would have applied had the balance
been paid to the Chief Commissioner under section 10 of that Act.
(5) If the
proceeds of sale are less than the amounts to be deducted, the proceeds are to
be applied in meeting those amounts in such manner as the Minister directs.
