Commonwealth Consolidated Acts

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PROCEEDS OF CRIME ACT 2002 - SECT 302B

When the charge ceases to have effect

    A charge created under section   302A ceases to have effect on a * person's property on the earliest of the following events:

  (a)   the amount owing under subsection   293(3) is paid to the Commonwealth;

  (b)   there is forfeited to the Commonwealth under this Act:

  (i)   all of the property that is covered by the charge; or

  (ii)   some of the property that is so covered, being property of a value that equals or exceeds the amount owing under subsection   293(3);

  (c)   the person sells or disposes of the property with the consent of the * Official Trustee.



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