(1) Any person who finds any property at an airport shall immediately hand it in the state in which he or she finds it to the office of the Superintendent.
(2) The Superintendent shall retain the property in safe keeping until the owner is ascertained or the property disposed of in accordance with this regulation.
(3) If the owner of any property so retained by the Superintendent is not ascertained within 3 months of the date when it was handed over to his or her office, it shall thereupon vest in the Superintendent who shall, without undue delay, sell such property and from the proceeds of the sale pay such award as he or she sees fit not exceeding ½ to the finder and the balance into the Treasury.
(4) If any property so retained by the Superintendent appears to him or her to be of a perishable nature or is or becomes objectionable, and the owner thereof be not ascertained within 48 hours from the time when it was handed in at the office of the Superintendent, the Superintendent may thereupon destroy or otherwise dispose of it as he or she sees fit.
(5) Any person who contravenes subregulation (1) commits an offence and is liable on summary conviction to a fine of $250 or to imprisonment for 6 months.