South Australian Numbered Acts

STATUTES AMENDMENT (PERSONAL PROPERTY SECURITIES) ACT 2011 (NO 11 OF 2011) - SECT 65

65—Amendment of section 8—Proceeds of sale

Section 8(2)—delete subsection (2) and substitute:

        (2)         If the Treasurer is satisfied that a person—

            (a)         had, prior to the sale, an interest in goods sold under this Act; or

            (b)         has, after the sale, an interest in the proceeds of the sale of goods under this Act,

the Treasurer may pay to that person the whole or any part of the balance paid to the Treasurer in respect of the sale of those goods under subsection (1)(b).