Document ID: chunk:federal_register_of_legislation:F2018L01121:reg:78
Version: federal_register_of_legislation:F2018L01121
Segment Type: reg
Provision Reference: reg 78
Character Range: 78664–79629

78  Person entitled to lawful possession may obtain sale proceeds
 (1) This section applies if:
 (a) property has been disposed of by sale under section 72, 73 or 74; and
 (b) either:
 (i) the person who was entitled to lawful possession of the property immediately before the sale; or
 (ii) the person who found the property;
  makes a claim on the Commonwealth in respect of the property.
 (2) The Commonwealth must pay the amount in subsection (3) to:
 (a) if, at the time the amount is to be paid, the person who was entitled to lawful possession of the property has made a claim—that person; and
 (b) otherwise—the person who found the property.
 (3) The amount is equal to:
 (a) the amount for which the property was sold; less
 (b) the total of any amounts reasonably spent by the Commonwealth for the storage, maintenance or disposal of the property.
 (4) Only one amount may be paid under this section in relation to the property.

Part 5—Miscellaneous