(1) A person who buys
property sold by or on the authority of the Commission under this Part obtains
good title to that property.
(2) The proceeds of a
sale of property under this Part must be applied as follows:
(a)
firstly, in payment of the expenses occasioned by the sale;
(b)
secondly, in payment of storage or other expenses incurred by the Commission
in relation to the property;
(c)
thirdly, by payment of the balance into a prescribed account.