Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) If impounded stock is not released within 14 days after the day notice of the impounding is given to the owner, or published, under section 37 (2), the director-general must offer the stock for sale at auction.
(2) If the stock is not sold at auction, the director-general—
(a) may sell the stock in another way; and
(b) if selling the stock in another way—must take steps to obtain the best price possible in the circumstances.
(3) If the director-general cannot sell the stock, the director-general may destroy it and dispose of it in any way the director-general considers appropriate.