POLICE POWERS AND RESPONSIBILITIES ACT 2000 - SECT 786 Application of proceeds of sale

POLICE POWERS AND RESPONSIBILITIES ACT 2000 - SECT 786

786 Application of proceeds of sale

(1) This section applies if the commissioner decides to sell a motor vehicle under section 783 or 785 .

(2) The proceeds of the sale are to be applied in the following order—

(a) in payment of the expenses of the sale;

(b) in payment of the costs of removing and keeping the motor vehicle and for searching registers for giving notice of the motor vehicle’s impounding;

(c) if there is an amount owing to a person under a security interest registered for the motor vehicle under the Personal Property Securities Act 2009 (Cwlth) —in payment of the amount owing to the holder of the security interest;

(d) if the motor vehicle is sold under section 783 —in payment of any balance to the owner;

(e) if the motor vehicle is sold under section 785 —in payment to the consolidated fund.