CRIMINAL PROCEEDS CONFISCATION ACT 2002 - SECT 75
Effect of payment under release order
CRIMINAL PROCEEDS CONFISCATION ACT 2002 - SECT 75
Effect of payment under release order
75 Effect of payment under release order
(1) On the payment to the State of the amount stated in a release order as the
value of an interest in forfeited property, while the interest is still vested
in the State, the forfeiture order ceases to apply to the interest.
(2) As
soon as practicable after the amount is paid, the Attorney-General must
arrange for the interest to be transferred to the person in whom it was vested
immediately before the property was forfeited to the State.
(3) The
Attorney-General may do or authorise the doing of anything necessary or
convenient to be done for the transfer.
