sec.475UProceeds from the sale of removed watercraft

### sec.475U Proceeds from the sale of removed watercraft If watercraft is sold under section 475T (2) , the proceeds of the sale must be applied— first, in payment of the expenses of removal of the watercraft reasonably incurred by the chief executive or Gold Coast Waterways Authority in selling the watercraft; and second, in payment of any balance to the watercraft’s owner. If the proceeds of the sale are less than the total of the expenses mentioned in subsection (1) (a) , the difference is a debt owing by the owner to the State. Compensation may not be recovered against the State in relation to a payment under this section. In this section— expenses of removal , of a watercraft, include expenses of— removing and detaining the watercraft; and giving notice under section 475S ; and advertising for sale or other disposal of the watercraft; and selling or otherwise disposing of the watercraft. watercraft includes anything in, on or attached to the watercraft. s 475U ins 2009 No. 47 s 14 amd 2012 No. 38 s 107 (sec.475U-ssec.1) If watercraft is sold under section 475T (2) , the proceeds of the sale must be applied— first, in payment of the expenses of removal of the watercraft reasonably incurred by the chief executive or Gold Coast Waterways Authority in selling the watercraft; and second, in payment of any balance to the watercraft’s owner. (sec.475U-ssec.2) If the proceeds of the sale are less than the total of the expenses mentioned in subsection (1) (a) , the difference is a debt owing by the owner to the State. (sec.475U-ssec.3) Compensation may not be recovered against the State in relation to a payment under this section. (sec.475U-ssec.4) In this section— expenses of removal , of a watercraft, include expenses of— removing and detaining the watercraft; and giving notice under section 475S ; and advertising for sale or other disposal of the watercraft; and selling or otherwise disposing of the watercraft. watercraft includes anything in, on or attached to the watercraft. - (a) first, in payment of the expenses of removal of the watercraft reasonably incurred by the chief executive or Gold Coast Waterways Authority in selling the watercraft; and - (b) second, in payment of any balance to the watercraft’s owner. - (a) removing and detaining the watercraft; and - (b) giving notice under section 475S ; and - (c) advertising for sale or other disposal of the watercraft; and - (d) selling or otherwise disposing of the watercraft.