Commonwealth Consolidated Acts Commonwealth Consolidated Acts (1)
The Official Trustee may, at such times as it considers appropriate,
but must, at least once in every 6 months, determine whether the amount of
suspended funds standing to the credit of the Confiscated Assets Special
Account:
(a) is likely to be insufficient to meet the payments to be made out of
the suspended funds for the purposes of paragraph 34C(1)(a); or
(b) is likely to exceed the amount required to meet those payments.
(2)
Where the Official Trustee determines that the amount of suspended
funds is likely to be insufficient to meet the payments to be made out of the
suspended funds for the purposes of paragraph 34C(1)(a), the Official Trustee
must declare that such an amount of the distributable funds as the Official
Trustee identifies, being not more than the amount required to meet those
payments, is to be identified as suspended funds.
(3)
Where the Official Trustee determines that the amount of suspended
funds is likely to exceed the amount required to meet those payments, the
Official Trustee must declare that such an amount of the suspended funds as
the Official Trustee identifies, being not more than the amount of the likely
excess, is to be identified as distributable funds.