135Application of proceeds of sale

135 Application of proceeds of sale (1) If a motor vehicle or item is sold under section 132 the proceeds of sale are to be applied in the following order of priority— (a) to pay the costs of the sale; (b) to pay any costs of detention, immobilisation, seizure or impoundment under this Part; (c) to discharge any security interest over the motor vehicle; (d) to pay the amount outstanding under the enforcement warrant; (e) to pay any amount remaining to— (i) the registered operator; or (ii) if the registered operator is not entitled to the amount, any other person entitled, at the time the motor vehicle was detained or immobilised, to possession of the motor vehicle; or (iii) if the persons referred to in subparagraphs (i) or (ii) cannot be located after reasonable inquiries, deal with the balance in accordance with the **Unclaimed Money Act 2008**. (2) Section 73(2) of the Personal Property Securities Act 2009 of the Commonwealth applies to an interest arising out of the operation of this Part.