132Disposal of seized things and detained vessels

132 Disposal of seized things and detained vessels

(1) The National Regulator may dispose of a thing seized, or a vessel detained, under this Part if:

(a) the National Regulator has:

(i) in the case of a seized thing—taken reasonable steps to return the thing to a person; or

(ii) in the case of a detained vessel—taken the steps required by the regulations to return the vessel to a person; and

(b) one of the following applies:

(i) the National Regulator has been unable to locate the person, despite making reasonable efforts;

(ii) the person has refused to take possession of the thing or vessel;

(iii) the National Regulator has contacted the person about the return of the thing or vessel, and the person has not refused to take possession of the thing or vessel, but has not taken possession of the thing or vessel within 3 months of the contact.

(2) The National Regulator may dispose of the thing or vessel in such manner as the National Regulator thinks appropriate.