New South Wales Consolidated Acts

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(1A) This section applies to low value uncollected goods, medium value uncollected goods, high value uncollected goods and personal documents.
(1) Within 7 days after disposing of goods in accordance with this Part, a receiver must prepare a record of the following particulars--
(a) a description of the goods disposed of,
(b) the date on which the goods were disposed of,
(c) the manner in which the goods were disposed of,
(d) in the case of goods that have been sold--
• the name and address of the person to whom they were sold, and
• the amount of the proceeds of the sale, and
• the amount retained by the receiver to cover the relevant charges due to the receiver in respect of the goods,
(e) in the case of goods sold by public auction--the name, and the address of the principal place of business, of the auctioneer by whom the goods were sold.
(2) A record prepared under this section must--
(a) be kept by the receiver for at least the following period from the date on which the goods were disposed of--
(i) in relation to low value uncollected goods--12 months,
(ii) in any other case--6 years, and
(b) be made available by the receiver, on request, for inspection by the depositor or by any other person claiming an interest in the goods.
: Maximum penalty--5 penalty units.

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