(3) For subsection (2) , it does
not matter whether the property dealt with or used in the acquisition became
illegally acquired property because of subsection (1) or subsection (2) .
(4)
Subsections (1) and (2) apply whether or not the activity, dealing or
acquisition because of which the property became illegally acquired property
happened before the commencement of this section.
(5) Also, if the proceeds
of dealing with illegally acquired property are credited to or placed in an
account, the proceeds do not lose their identity as proceeds because they are
credited to or placed in an account.
Note—
Generally,
illegally acquired property is used in this chapter, but some provisions, for
example, section 28(3) (c) , use the narrower expression
"serious crime derived property" .
This definition applies to the whole Act. See the dictionary.
