18Records of property—the Act, s 33

18 Records of property—the Act, s 33

18 Records of property—the Act, s 33

For the Act, section 33(2)(f), a record of property taken possession of must include the following information—

(a) the cost of taking possession of, storing, returning, destroying or disposing of, including selling, the property,

(b) if the property is disposed of—how and to whom it is disposed of,

Example—

By selling the property or giving it away free of charge.

(c) if the property is sold—

(i) the value of the proceeds of sale of the property, and

(ii) where the proceeds of sale are kept.