Commonwealth Consolidated Acts

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PROCEEDS OF CRIME ACT 2002 - SECT 129

Effect of property vesting in an insolvency trustee

    In assessing the value of * benefits that a person has derived, the * person's property is taken to continue to be the person's property if it vests in any of the following:

  (a)   in relation to a bankruptcy--the trustee of the estate of the bankrupt; or

  (b)   in relation to a composition or scheme of arrangement under Division   6 of Part   IV of the Bankruptcy Act 1966 --the trustee of the composition or scheme of arrangement; or

  (c)   in relation to a personal insolvency agreement under Part   X of the Bankruptcy Act 1966 --the trustee of the agreement; or

  (d)   in relation to the estate of a deceased person in respect of which an order has been made under Part   XI of the Bankruptcy Act 1966 --the trustee of the estate.



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