Commonwealth Numbered Regulations

1991 No. 460 PROCEEDS OF CRIME REGULATIONS (AMENDMENT) - REG 2

  2.1   After regulation 3, insert:
Distributable funds

"3A. For the purposes of paragraph (a) of the definition of "distributable
funds" in subsection 4 (1) of the Act, the following moneys paid into the
Trust Fund are distributable funds:

   (a)  money referred to in paragraph 34B (1) (b) of the Act that is not
        money referred to in subparagraph 7A (b) (ii);
(b) money referred to in paragraph (a) of the definition of "proceeds of
confiscated assets" in subsection 4 (1) of the Act;

   (c)  money referred to in paragraphs (b) to (o) (inclusive) of the
        definition
of "proceeds of confiscated assets" in subsection 4 (1) of the Act that is not
an amount in respect of which notice has been given to the Official Trustee
under subregulation 11 (2) or 12 (2) or (3);

   (d)  money referred to in paragraph 34B (1) (f) of the Act. What is a GBE?

"3b. For the purposes of the definition of "GBE" in subsection 4 (1) of the
Act, each of the following government business enterprises is prescribed:

   (a)  AUSSAT Pty Ltd;

   (b)  the Australian Industry Development Corporation;

   (c)  the Australian National Railways Commission;

   (d)  the Australian Postal Commission;

   (e)  the Australian Shipping Commission;

   (f)  the Civil Aviation Authority;

   (g)  the Commonwealth Serum Laboratories Commission;

   (h)  the Federal Airports Corporation;

   (i)  the Health Insurance Commission;

   (j)  the Housing Loans Insurance Corporation;

   (k)  the Pipeline Authority;

   (l)  the Snowy Mountains Engineering Corporation.".