South Australian Numbered Regulations

INDEPENDENT COMMISSIONER AGAINST CORRUPTION REGULATIONS 2013 (NO 204 OF 2013) - REG 13

13—Effect, proceeds of sale

        (1)         A person who buys property sold by or on the authority of the Commissioner under this Part obtains good title to that property.

        (2)         The proceeds of a sale of property under this Part must be applied as follows:

            (a)         firstly, in payment of the expenses occasioned by the sale;

            (b)         secondly, in payment of storage or other expenses incurred by the Commissioner in relation to the property;

            (c)         thirdly, by payment of the balance into a prescribed account.