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.