New South Wales Consolidated Acts

UNCOLLECTED GOODS ACT 1995 - SECT 29

29 Proceeds of sale

(1) From the proceeds of sale of goods under this Part, the bailee is entitled to retain the relevant charges due to the bailee in respect of the goods.

(2) The balance (if any) of the proceeds of sale are to be dealt with as if the bailee were a business and the money were unclaimed money for the purposes of the Unclaimed Money Act 1995 .

(3) If the proceeds of sale are insufficient to pay the relevant charges due to the bailee in respect of the goods, the bailee may recover the amount of the deficiency from the bailor, as a debt, in any court of competent jurisdiction.