246Sale of mining plant

#### 246 Sale of mining plant 246 Sale of mining plant > > (1) If mining plant is not duly removed under this Division, the Minister may direct that the mining plant be sold by public auction. > > > (2) Any mining plant remaining unsold after the public auction held may be sold by private treaty. > > > (3) The following amounts are to be deducted from the proceeds of any such sale— > > > > > (a) the costs of the sale and of any matter incidental to or connected with the sale, > > > > > (b) the costs of removing from the land concerned any mining plant remaining unsold after the public auction, > > > > > (c) any amount owing in respect of compensation for compensable loss within the meaning of Division 1 of Part 13, > > > > > (d) any other amount that the Secretary certifies to be a deductible amount. > > > (4) Any balance remaining is to be paid to the Chief Commissioner of Unclaimed Money as unclaimed money, and section 10 (2) and Part 4 of the [Unclaimed Money Act 1995](/view/html/inforce/current/act-1995-075) apply to the balance so paid as they would have applied had the balance been paid to the Chief Commissioner under section 10 of that Act. > > > (5) If the proceeds of sale are less than the amounts to be deducted, the proceeds are to be applied in meeting those amounts in such manner as the Minister directs. > > **s 246:** Am 1995 No 75, Sch 1.