49Application for balance of proceeds of sale

49 Application for balance of proceeds of sale

49 Application for balance of proceeds of sale

(1) A person may apply to the Commissioner of Police to receive the balance of the proceeds of sale of a vehicle sold in accordance with this Regulation within 12 months after the sale of the vehicle.

(2) The Commissioner of Police may pay the balance of the proceeds of sale to the person if the Commissioner is satisfied that—

(a) the person was lawfully entitled to the vehicle immediately before its sale, and

(b) there was a reasonable excuse for the person’s failure to obtain the release of the vehicle before it was sold.

(3) The Commissioner of Police may require the person to provide evidence necessary to satisfy the Commissioner of the matters referred to in subsection (2).

(4) In this section—

balance of the proceeds of sale, for a vehicle, means the proceeds of sale of the vehicle after deduction of—

(a) the applicable movement, towing and storage fees payable under the Act, and

(b) the reasonable costs of, or incidental to, the sale of the vehicle.