South Australian Current Acts

IMPOUNDING ACT 1920 - SECT 40

40—Application of money arising from sale of cattle impounded

The price of any cattle, or the carcass of any cattle, sold under the provisions of this Act shall be paid by the person purchasing the same to the poundkeeper and shall be by him applied as follows:

            (a)         firstly, in payment to the auctioneer at such sale, not being the poundkeeper, of a commission of five per centum on the gross amount realised; and

            (b)         secondly, in payment to himself of all lawful fees and charges; and

            (c)         thirdly, in payment of the sum due to the person by whom the same were impounded; and

            (d)         lastly, he shall pay over the balance of the proceeds of such sale—

                  (i)         where the owner of the cattle is known, to such owner upon the same being demanded; or

                  (ii)         where the owner is not known, to the persons and at the times directed by section 13.