Australian Capital Territory Repealed Acts

This legislation has been repealed.

PROCEEDS OF CRIME ACT 1991 NO 103 (REPEALED) - SECT 54

    (1)         Where—

        (a)     a pecuniary penalty order is made against a person (the defendant ) in reliance on the defendant's conviction of an offence; and

        (b)     a restraining order is, or has been, made against—

              (i)     property of the defendant; or

              (ii)     property of another person in relation to which an order under section 27 (2) is, or has been, made;

in reliance on the defendant's conviction of the offence or a related offence or in reliance on the charging, or proposed charging, of the defendant with the offence or a related offence;

then, on the making of the later of the orders, there is created, by force of this section, a charge on the property to secure the payment to the Territory of the penalty amount.

    (2)         Where a charge is created by subsection (1) on property of a person, the charge ceases to have effect in respect of the property—

        (a)     on the quashing of the conviction in reliance on which the pecuniary penalty order was made; or

        (b)     on the discharge of the pecuniary penalty order or the restraining order by the Supreme Court hearing an appeal against the making of the order; or

        (c)     on payment to the Territory of the penalty amount in satisfaction of the pecuniary penalty order; or

        (d)     on the person becoming a bankrupt; or

        (e)     on the sale or other disposition of the property—

              (i)     under an order under section 53; or

              (ii)     by the owner of the property with the consent of the court that made the pecuniary penalty order; or

              (iii)     where the restraining order directed the public trustee to take control of the property—by the owner of the property with the consent of the public trustee; or

        (f)     on the sale of the property to a purchaser in good faith for value who, at the time of the purchase, has no notice of the charge;

whichever occurs first.

    (3)         A charge created on property by subsection (1)—

        (a)     is subject to every encumbrance on the property that came into existence before the charge and that would, apart from this subsection, have priority over the charge; and

        (b)     has priority over all other encumbrances; and

        (c)     subject to subsection (2), is not affected by any change of ownership of the property.

    (4)         Where a charge is created by subsection (1) on property of a particular kind and the provisions of any law of the Territory, the Commonwealth, a State or another Territory provide for the registration of title to, or charges over, property of that kind, the public trustee or the DPP may cause the charge so created to be registered under the provisions of that law and, if the charge is so registered, a person who purchases or otherwise acquires an interest in the property after the registration of the charge shall, for subsection (2) (f), be deemed to have notice of the charge at the time of the purchase or acquisition.