Australian Capital Territory Current Regulations

COURT PROCEDURES RULES 2006 - REG 2224

    (1)     An enforcement officer must sell property seized under a seizure and sale order on terms that the purchaser of an item of the property—

        (a)     must pay—

              (i)     10% of the purchase price as a deposit immediately after the sale; and

              (ii)     the balance of the purchase price within the period (not longer than 2 days after the day of the sale) that the enforcement officer decides before the sale; or

        (b)     must pay all the purchase price immediately after the sale.

    (2)     An enforcement officer must require payment of the purchase price to be in cash or by bank draft, electronic funds transfer, debit card or credit card.

    (3)     If payment is made by electronic funds transfer, debit card or credit card, any charge made for the payment must be included in the costs of enforcement.