Commonwealth Consolidated Acts

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PROCEEDS OF CRIME ACT 2002 - SECT 179H

Effect of property vesting in an insolvency trustee

    In assessing the value of property of a person, 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;

  (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;

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

  (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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