(1)  A council which demolishes a building pursuant to an order under this Part may –

(a) sell the building for removal; or

(b) after demolishing the building, sell the materials on the premises for removal.

(2)  A council may grant the purchaser of a building under subsection (1)(a) all the powers it has under section 265 .

(3)  The rights of the purchaser of a building may be –

(a) protected by caveat under the Land Titles Act 1980 , if the land is subject to that Act; or

(b) registered under the Registration of Deeds Act 1935 as if the deed by which they were granted were a judgement.

(4)  The rights of the purchaser of materials are to be created by a security interest registrable under the Personal Property Securities Act 2009 of the Commonwealth.

(5)  A purchaser who fails to remove a building, or materials, within a reasonable period is liable to the occupier of the building in damages for the use and occupation of the land.

(6)  A council is to pay the owner of the building or materials sold under subsection (1) the balance of any proceeds of the sale after deducting any reasonable expenses incurred by it.

(7)  Any proceeds not claimed within one year after a sale of a building or materials under subsection (1) vest in the relevant council.