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CONFISCATION ACT 1997 - SECT 7A Meaning of derived property—civil forfeiture

CONFISCATION ACT 1997 - SECT 7A

Meaning of derived property—civil forfeiture

    (1)     In relation to civil forfeiture, a civil forfeiture restraining order, a civil forfeiture order or a civil forfeiture exclusion order, derived property means—

        (a)     property used in, or in connection with, any unlawful activity; or

        (b)     property derived or realised, or substantially derived or realised, directly or indirectly, from any unlawful activity; or

        (c)     property derived or realised, or substantially derived or realised, directly or indirectly, from property of a kind referred to in paragraph (a) or (b).

Note

Property is defined as including any interest in property. See definition in section 3.

S. 7A(2) inserted by No. 27/2016 s. 5(3).

    (2)     Without limiting subsection (1), property is derived from property of a kind referred to in subsection (1)(a) or (b) if it is, or has been, subject to a mortgage, lien, charge, security or other encumbrance wholly or partly discharged using property of a kind referred to in subsection (1)(a), (b) or (c).

S. 7B inserted by No. 68/2010 s. 36, amended by No. 27/2016 s. 6 (ILA s. 39B(1)).