South Australian Current Acts South Australian Current Acts82—A person may buy out another person's interest in forfeited property
The Administrator must cause an interest in property to be transferred to a
person if—
(a) the
property is forfeited to the Crown under section 74; and
(b) the
interest is required to be transferred to the person under this Division; and
(c) the
person's interest in the property, immediately before the forfeiture, was not
the only interest in the property; and
(d) the
person gives written notice to each other person who had an interest in the
property immediately before the forfeiture that—
(i)
the person intends to purchase the other interest from
the Crown; and
(ii)
the other person may, within 21 days after receiving the
notice, lodge a written objection to the purchase of the interest with the
Administrator; and
(e) no
person served with notice under paragraph (d) in relation to the interest
lodges a written objection under that paragraph; and
(f) the
purchaser pays to the Crown, while the interest is still vested in the Crown,
an amount equal to the value of the interest.