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LIVING MARINE RESOURCES MANAGEMENT ACT 1995 - SECT 230 Application to buy a forfeited thing

LIVING MARINE RESOURCES MANAGEMENT ACT 1995 - SECT 230

Application to buy a forfeited thing

(1)  A person who owned anything forfeited, or who had any legal or equitable interest in anything forfeited, under this Act immediately before the forfeiture may apply to the Minister to buy it.
(2)  An application is to be –
(a) in writing; and
(b) made within 30 days after the forfeiture.
(3)  The Minister may –
(a) approve the application; or
(b) refuse to approve the application.
(4)  If the Minister approves the application, the Minister is to order the sale of the forfeited thing to the applicant on payment of an amount equal to its estimated market value.
(5)  Any proceeds of a sale are payable to the Crown.