Australian Capital Territory Repealed Acts

This legislation has been repealed.

PROCEEDS OF CRIME ACT 1991 NO 103 (REPEALED) - SECT 32

Where—

        (a)     property is forfeited to the Territory under this part; and

        (b)     an interest in the property is required to be transferred to a person (the purchaser ) under section 22 (4) or 31 (3), or under a direction under section 21 (6) (d) (i), or 29 (6) (d) (i); and

        (c)     the purchaser's interest in the property, immediately before the forfeiture took place, was not the only interest in the property; and

        (d)     the purchaser gives written notice to each other person who had an interest in the property immediately before the forfeiture took place that—

              (i)     the purchaser intends to purchase that other interest from the Territory; and

              (ii)     the person served with the notice may, within 21 days after receiving the notice, lodge a written objection to the purchase of that interest with the Minister; and

        (e)     the person served with notice under paragraph (d) in relation to that interest does not lodge a written objection to the purchase of that interest with the Minister within the period referred to in that paragraph; and

        (f)     the person pays to the Territory, while that interest is still vested in the Territory, an amount equal to the value of that interest;

the Minister shall arrange for that interest to be transferred to the purchaser.