sec.154LSale and disposal of seized thing with market value of $500 or less

### sec.154L Sale and disposal of seized thing with market value of $500 or less This section applies to a seized thing, other than a dangerous seized thing, if the chief executive reasonably believes the thing does not have a market value of more than $500. The chief executive may— sell the thing in the way the chief executive considers will best realise its market value; or if the chief executive considers the thing does not have a market value—dispose of it. s 154L ins 2022 No. 21 s 15 (sec.154L-ssec.1) This section applies to a seized thing, other than a dangerous seized thing, if the chief executive reasonably believes the thing does not have a market value of more than $500. (sec.154L-ssec.2) The chief executive may— sell the thing in the way the chief executive considers will best realise its market value; or if the chief executive considers the thing does not have a market value—dispose of it. - (a) sell the thing in the way the chief executive considers will best realise its market value; or - (b) if the chief executive considers the thing does not have a market value—dispose of it.