Queensland Consolidated Acts
[Index]
[Table]
[Search]
[Search this Act]
[Notes]
[Noteup]
[Previous]
[Next]
[Download]
[Help]
MANUFACTURED HOMES (RESIDENTIAL PARKS) ACT 2003 - SECT 54
Proceeds of sale
54 Proceeds of sale
(1) This section applies if, under a sale order, the park owner sells a
manufactured home or a home owner’s personal effects.
(2) The proceeds of
the sale must be applied as follows— (a) first, in payment of the reasonable
costs of selling the home, or removing, storing and selling the personal
effects;
(b) second, if there is an amount owing to a person under a security
interest registered for the home or personal effects under the
Personal Property Securities Act 2009 (Cwlth) —in payment of the amount
owing under the security interest;
(c) third, in payment to the park owner of
the amount of any termination payment;
(d) fourth, in payment of any balance
to the home owner or, if the home owner can not be located, to the public
trustee within 10 days after the sale.
(3) The public trustee must pay an
amount received under subsection (2) (d) into the unclaimed moneys fund (the
"fund" ) kept under the Public Trustee Act 1978 .
AustLII: Copyright Policy
| Disclaimers
| Privacy Policy
| Feedback