Australian Capital Territory Current Acts

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CONFISCATION OF CRIMINAL ASSETS ACT 2003 - SECT 55

Conviction forfeiture orders—forfeiture

    (1)     The property to which the conviction forfeiture order applies is forfeited to the Territory at the end of 14 days after the day the order is made, except so far as the property is excluded from forfeiture under an exclusion order.

Note 1     For the commencement of a restraining order, see the Legislation Act

, s 73 (4).

Note 2     The effect of an exclusion order for property subject to forfeiture is that the property is excluded from forfeiture, see s 74 (c).

    (2)     However, if an application for an exclusion order in relation to the property, or a part of the property, has been made (but not decided) before the end of the 14-day period, the property (or that part) is not forfeited until the proceeding in relation to the exclusion order is finalised.



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