14Proceeds of sale of property—the Act, s 32

#### 14 Proceeds of sale of property—the Act, s 32 14 Proceeds of sale of property—the Act, s 32 > > (1) For the Act, section 32(6), an authority may keep the following from the proceeds of sale of property— > > > > > (a) an amount equal to the costs incurred in selling the property, > > > > > (b) an amount equal to a fee payable for the exercise of a function in relation to the property by an authorised officer appointed by the authority. > > > > > > Note— > > > > > > See the Act, section 55. > > > (2) An owner of property sold by an authority may claim the proceeds of sale, other than the amounts specified in subsection (1), within the following time periods after the sale— > > > > > (a) for a class 1 item or a class 2 item—3 months, > > > > > (b) for a class 3 item or an animal—6 months. > > > (3) If a claim is not made within the period specified in subsection (2), the authority may keep the remaining proceeds of sale.