Western Australian Consolidated Regulations

PORT AUTHORITIES REGULATIONS 2001 - REG 67

67 .         Proceeds of sale of unclaimed goods

        (1)         A port authority is to apply the proceeds of the sale of unclaimed goods under regulation 66 in payment of —

            (a)         the port authority’s reasonable expenses in moving, storing and selling them; and

            (b)         any port charges payable in relation to them,

                and, subject to subregulation (2), is to pay any surplus amount of those proceeds on demand to the owner of the goods.

        (2)         If no demand is made by the owner of the goods within 30 days after the sale of the goods, the surplus amount of those proceeds is to be paid to the Treasurer to be credited to the Consolidated Account  ² , and any claim of the owner of the goods to that amount is extinguished.