(a) the interest is forfeited to the Crown and vests in the NSW
Trustee and Guardian on behalf of the Crown, and
(b) if the person forfeiting
the interest was in possession, or was entitled to possession, of the
property, the NSW Trustee and Guardian may take possession of the property on
behalf of the Crown.
(2) An interest forfeited under subsection (1) is to be
disposed of by the NSW Trustee and Guardian in accordance with the directions
of the Treasurer and the proceeds are to be paid to the Treasurer and credited
to the Proceeds Account.
(3) The Treasurer may delegate the power to give
directions for the purposes of subsection (2).
(4) The Supreme Court may,
when it makes an assets forfeiture order or at any later time, make any
ancillary orders that the Court considers appropriate. For example, the Court
may make ancillary orders for and with respect to facilitating the transfer to
the Crown of interests in property forfeited to the Crown under such an order.
