QLDIn ForceAct
Stock Route Management Act 2002
sec.171Application of proceeds of sale
Start here
Get a plain-English read of sec.171
Turn the raw legal text into a practical explanation grounded in Stock Route Management Act 2002.
### sec.171 Application of proceeds of sale
If the chief executive officer of the local government sells the seized stock, the proceeds of the sale must be applied in the following order—
in payment of the chief executive officer’s reasonable expenses incurred in the sale;
in payment of the reasonable costs of—
seizing, removing and holding the stock; and
giving the notice;
in payment of any balance to the owner.
- (a) in payment of the chief executive officer’s reasonable expenses incurred in the sale;
- (b) in payment of the reasonable costs of— (i) seizing, removing and holding the stock; and (ii) giving the notice;
- (i) seizing, removing and holding the stock; and
- (ii) giving the notice;
- (c) in payment of any balance to the owner.
- (i) seizing, removing and holding the stock; and
- (ii) giving the notice;