Queensland Numbered Acts Queensland Numbered ActsSection 26(6) and (7)--
omit, insert--
'(6) If the board sells the work, the proceeds of sale must be applied in the following order--
(a) in payment of the reasonable expenses incurred in storing and selling the work;
(b) if there is an amount owing to an entity under a security interest registered for the work under the Personal Property Securities Act 2009 (Cwlth)--in payment of the amount owing under the security interest;
(c) the balance--
(i) must be held by the board for the person for at least 1 year after the sale; and
(ii) if the person does not claim the proceeds of sale within 1 year after the sale--may be used by the board in performing its functions.'.