44ASale of vessel or wreck by regional harbourmaster

44A Sale of vessel or wreck by regional harbourmaster fittings or equipment from on board a vessel, hull or hulk, (the property) is sold by a regional harbourmaster under section 40C or 43. (2) The purchaser of the property holds title to the property free of any interest existing in it before the sale. (3) The proceeds of the sale must be paid as follows: (a) first – in payment of the costs of the sale; Ports Management Act 2015 45 (b) second – in payment of the costs incurred by the regional harbourmaster for the removal or storage of, or repairs to, the (c) third – in payment of the costs incurred by the regional harbourmaster for giving notice to a person about the proposed sale; (d) fourth – in payment of the amount owing to the following: (i) the holder of a registered interest in the property; (ii) the holder of a known unregistered interest in the (e) fifth – to the owner of the property. (4) If the regional harbourmaster is unable to locate the owner after making reasonable attempts to do so, the amount payable to the owner under subsection (3)(e) must be paid to the Central Holding