Law Enforcement Legislation Amendment (State Bodies and Other Measures) Act 2016 (86 of 2016)

Schedule 3   Unlawful acquisitions

Proceeds of Crime Act 2002

1   At the end of section 336A

Add:

; and (c) other property ( discharging property ) (if any) used in wholly or partly discharging a security on, or a liability incurred to acquire or retain:

(i) the property or wealth; or

(ii) the consideration given for the property or wealth; or

(iii) property (if any) that is discharging property because of one or more previous applications of this paragraph;

was lawfully acquired.

Note: In paragraph (c), an example of a security is a mortgage, charge or lien and an example of a liability is a debt under a loan contract or a liability to pay rent under a lease.