Australian Capital Territory Numbered Acts

CONFISCATION OF CRIMINAL ASSETS ACT 2003 (NO. 8 OF 2003) - SECT 265

    (1)     The amount of the confiscated assets trust fund (the old trust fund ) under the Proceeds of Crime Act 1991 (repealed) is transferred to the confiscated assets trust fund under this Act.

    (2)     The amount of distributable funds in the old trust fund, immediately before the repeal of the Proceeds of Crime Act 1991 ¸ is taken to be distributable funds under this Act.

    (3)     The amount of suspended funds in the old trust fund, immediately before the repeal of the Proceeds of Crime Act 1991 ¸ is taken to be reserved funds under this Act.

    (4)     An amount payable under the Proceeds of Crime Act 1991 (repealed) but not paid before the commencement of this Act is payable from the confiscated assets trust fund under this Act.