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CRIMINAL PROCEEDS CONFISCATION ACT 2002 - SECT 26 When property stops being illegally acquired property or serious crime derived property

CRIMINAL PROCEEDS CONFISCATION ACT 2002 - SECT 26

When property stops being illegally acquired property or serious crime derived property

26 When property stops being illegally acquired property or serious crime derived property

Property stops being illegally acquired property or serious crime derived property

(a) when it is acquired by a person for sufficient consideration, without knowing, and in circumstances not likely to arouse a reasonable suspicion, that the property was illegally acquired property or serious crime derived property; or
(b) when it vests in a person on the distribution of the estate of a deceased; or
(c) when it is disposed of under this Act, including when discharging a pecuniary penalty order, a proceeds assessment order or an unexplained wealth order; or
(d) when it is the proceeds of the disposal of property under this Act other than by sale under a condition of a restraining order or by order of the Supreme Court under section 46 , 93ZP or 138 ; or
(e) when it is acquired by Legal Aid as payment of reasonable legal expenses payable because of an application under this Act or in defending a charge of an offence; or
(f) in circumstances prescribed under a regulation.