Document ID: chunk:federal_register_of_legislation:F2018L01121:reg:72
Version: federal_register_of_legislation:F2018L01121
Segment Type: reg
Provision Reference: reg 72
Character Range: 71484–72687

72  Disposal and retention of claimable property that has been found
  The Commissioner may dispose of claimable property covered by section 71, by any appropriate means (including by sale or gift), or retain such property for the purposes of law enforcement, if:
 (a) the Commissioner is satisfied that reasonable action has been taken to tell the person entitled to lawful possession of the property that the AFP has custody of the property and intends to dispose of it if it is not claimed under section 71; and
 (b) the property:
 (i) has not been claimed under section 71 by the person entitled to lawful possession, or by the finder within 4 months after the day it came into the custody of the AFP; or
 (ii) has been claimed under section 71 by a person as mentioned in subparagraph (i) of this paragraph but the Commissioner has decided under subsection 71(3) not to return the property to that person.
Note 1: The Commission must publish a notice of a proposed sale under this section (see section 75).
Note 2: The person entitled to lawful possession of the property immediately before the sale of the property may later claim the proceeds of the sale from the Commonwealth (see section 78).