Australian Capital Territory Numbered Acts

PROCEEDS OF CRIME ACT 1991 (NO. 103 OF 1991) - SECT 31

        (a)     makes a forfeiture order against property; and

        (b)     makes an order under subsection 19 (5) in respect of an interest in the property;

the payment to the Territory, while the interest is still vested in the Territory, of the amount specified in the order under subsection 19 (5) as the value of the interest discharges the forfeiture order to the extent to which it relates to the interest.

(2) Where—

        (a)     property is forfeited to the Territory under section 28;

        (b)     a court makes an order under subsection 29 (7) in respect of an interest in the property; and

        (c)     there is paid to the Territory, while the interest is still vested in the Territory, the amount specified in the order under subsection 29 (7) as the value of the interest;

section 28 ceases to apply in relation to the interest.

(3) Where subsection (1) or (2) applies to an interest in property, the Minister shall arrange for the interest to be transferred to the person in whom it was vested immediately before the property was forfeited to the Territory.

(4) Where the Minister is required by this section to arrange for an interest in property to be transferred to a person, the Minister has power, on behalf of the Territory, to do, or authorise the doing of, anything necessary or convenient to effect the transfer, including, without limiting the generality of this, the execution of any instrument and the making of an application for registration of an interest in the property on any appropriate register.