Gold Coast Waterways Authority Act 2012
sec.27Definitions for div 3
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sec.27 Definitions for div 3
In this division— abandoned property means a watercraft, part of a watercraft, or other property, that the authority reasonably believes is abandoned, lost or stranded in Gold Coast waters or on land adjacent to Gold Coast waters. mudflats, banks of rivers, foreshores contravening property means a watercraft, part of a watercraft, or other property, that is moored or left in Gold Coast waters or on land adjacent to Gold Coast waters in contravention of a requirement of a waterways notice. insufficient value , in relation to property, means the property— is of no value; or if sold by the authority, would not be likely to return sufficient proceeds of sale to cover the total of the following amounts— the expenses reasonably incurred by the authority in selling the property; the expenses reasonably incurred by the authority in dealing with the property under this division; the charges, interest and other expenses owing to the authority in relation to the property. property does not include land or an interest in land.
- (a) is of no value; or
- (b) if sold by the authority, would not be likely to return sufficient proceeds of sale to cover the total of the following amounts— (i) the expenses reasonably incurred by the authority in selling the property; (ii) the expenses reasonably incurred by the authority in dealing with the property under this division; (iii) the charges, interest and other expenses owing to the authority in relation to the property.
- (i) the expenses reasonably incurred by the authority in selling the property;
- (ii) the expenses reasonably incurred by the authority in dealing with the property under this division;
- (iii) the charges, interest and other expenses owing to the authority in relation to the property.
- (i) the expenses reasonably incurred by the authority in selling the property;
- (ii) the expenses reasonably incurred by the authority in dealing with the property under this division;
- (iii) the charges, interest and other expenses owing to the authority in relation to the property.