90—What property is forfeited and when
(1) Subject to this
section—
(a)
property specified in a forfeiture order vests absolutely in the Crown at the
time the order is made; and
(b)
property forfeited under section 74 vests absolutely in the Crown at the
time of the forfeiture.
(2) If property
specified in the forfeiture order, or forfeited under section 74, is
registrable property—
(a) the
property vests in equity in the Crown, but does not vest in the Crown at law
until the applicable registration requirements have been complied with; and
(b) the
DPP has power to do anything necessary or convenient to give notice of, or
otherwise protect, the Crown’s equitable interest in the property; and
(c) the
Crown is entitled to be registered as the owner of the property; and
(d) the
Administrator has power to do, or authorise the doing of, anything necessary
or convenient to obtain the registration of the Crown as the owner.
(3) If a person—
(a) was,
immediately before his or her death, the joint owner of property specified in
the forfeiture order; and
(b) died
before the order was made, but—
(i)
after the DPP applied for the order; or
(ii)
while a restraining order covering the property was in
force,
that property is taken to have vested in the Crown immediately before the
person’s death (and any such restraining order is also taken to have
continued to apply to the property as if the person had not died).
(4) If—
(a) a
person who is convicted of a serious offence was, immediately before his or
her death, the joint owner of property; and
(b) the
period that would apply under section 74 if the property were subject to
forfeiture under that section in relation to the conviction had not ended
before the person's death; and
(c) the
period had ended immediately before the person's death the property would have
been forfeited under section 74,
the property is taken to have vested in the Crown immediately before the
person's death.
(5) An action by the
DPP under subsection (2)(b) is not a dealing for the purposes of
section 91(1) or section 92(1).
(6) The
Administrator’s powers under subsection (2)(d) include executing
any instrument required to be executed by a person transferring an interest in
property of that kind.