Impounding Act 1955

Procedure for disposing of unclaimed, suffering, or worthless impounded stock

54: Application of proceeds of sale of impounded stock

You could also call this:

"What happens to the money when impounded animals are sold"

When stock is sold after being impounded, the money from the sale is used to pay for things. You pay for the costs of selling the stock first. Then you pay any fees for looking after the stock and for the person who took care of it. After that, you pay the person who impounded the stock for letting the stock trespass and for driving the stock. Any money left over goes to the owner of the stock.

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This page was last updated on 19 July 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM294222.

Topics:

Environment and resources > Farming and fishing

53: Disposal of unsold stock, or

"What happens to stock that doesn't sell"

55: Recovery of damages or trespass rates from residue of proceeds, or

"Getting paid back for damage caused by impounded stock"

Part 8Procedure for disposing of unclaimed, suffering, or worthless impounded stock

54Application of proceeds of sale of impounded stock

The proceeds of the sale of impounded stock sold under this Act shall be applied in payment—firstly, of any costs and charges incidental to the sale; secondly, of all poundage and sustenance fees payable in respect of the stock; thirdly, to the impounder of the stock of rates due to him for the trespass thereof, and the driving charges due to him; and fourthly, to the owner of the stock of any residue.

Compare

1908 No 79 s 43