sch.1-sec.11Application of proceeds of sale

### sch.1-sec.11 Application of proceeds of sale The proceeds of the sale must be applied in the following order— in payment of the reasonable expenses incurred in the sale; in payment of the reasonable cost of seizing, removing and holding the vehicle; if there is an amount owing to an entity under a security interest registered for the vehicle under the Personal Property Securities Act 2009 (Cwlth) —in payment of the amount owing under the security interest; in payment of any balance to the owner. Compensation is not recoverable against the university for a payment under this section. sch 1 pt 2 s 11 amd 2010 No. 44 s 74 (sch.1-sec.11-ssec.1) The proceeds of the sale must be applied in the following order— in payment of the reasonable expenses incurred in the sale; in payment of the reasonable cost of seizing, removing and holding the vehicle; if there is an amount owing to an entity under a security interest registered for the vehicle under the Personal Property Securities Act 2009 (Cwlth) —in payment of the amount owing under the security interest; in payment of any balance to the owner. (sch.1-sec.11-ssec.2) Compensation is not recoverable against the university for a payment under this section. - (a) in payment of the reasonable expenses incurred in the sale; - (b) in payment of the reasonable cost of seizing, removing and holding the vehicle; - (c) if there is an amount owing to an entity under a security interest registered for the vehicle under the Personal Property Securities Act 2009 (Cwlth) —in payment of the amount owing under the security interest; - (d) in payment of any balance to the owner.