omit, insert--
'(b) exceed the expenses incurred--the proceeds of the disposal must be applied in the following order--
(i) if there is an amount owing to an entity under a security interest registered against the property under the Personal Property Securities Act 2009 (Cwlth)--in payment of the amount owing under the security interest;
(ii) in payment of any balance to the person whose property the chief executive believes the material to have been.'.