Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts(1) The proceeds of sale of impounded stock must be applied as follows:
(a) first, to the expenses of the sale;
(b) second, to any amount payable for maintaining or travelling the stock;
(c) the balance to the owner of the stock.
(2) If an amount is to be applied under this section to a person other than the Territory, the chief executive must take reasonable steps to tell the person about the amount as soon as practicable after the day of sale.
(3) If an amount to be applied under this section is not claimed within 1 year after the day of sale, it becomes public money of the Territory.
(4) Any amount payable to a person or the Territory for maintaining or travelling the stock that exceeds the amount applied under subsection (1) (b) is recoverable from the owner of the stock as a debt to the person or the Territory.