Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) TEQSA may dispose of a document or thing in such manner as it considers appropriate if:
(a) the document or thing is produced to TEQSA under section 63; and
(b) under section 67, TEQSA is required to take reasonable steps to return the document or thing to a person; and
(c) either:
(i) TEQSA cannot, despite making reasonable efforts, locate the person; or
(ii) the person has refused to take possession of the document or thing.
(2) If the operation of this section would result in an acquisition of property from a person otherwise than on just terms, the Commonwealth is liable to pay a reasonable amount of compensation to the person.
(3) If the Commonwealth and the person do not agree on the amount of the compensation, the person may institute proceedings in the Federal Court for the recovery from the Commonwealth of such reasonable amount of compensation as the court determines.