Queensland Consolidated Acts

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CRIMINAL PROCEEDS CONFISCATION ACT 2002 - SECT 26

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 or a proceeds assessment 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 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.


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