NSWIn ForceAct
Mining Act 1992
246Sale of mining plant
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#### 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.
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> > (2) Any mining plant remaining unsold after the public auction held may be sold by private treaty.
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> > (3) The following amounts are to be deducted from the proceeds of any such sale—
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> > > (a) the costs of the sale and of any matter incidental to or connected with the sale,
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> > > (b) the costs of removing from the land concerned any mining plant remaining unsold after the public auction,
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> > > (c) any amount owing in respect of compensation for compensable loss within the meaning of Division 1 of Part 13,
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> > > (d) any other amount that the Secretary certifies to be a deductible amount.
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> > (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.
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> > (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.
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> **s 246:** Am 1995 No 75, Sch 1.