Crimes Legislation Amendment (Economic Disruption) Act 2021 (3 of 2021)

Schedule 7   Official Trustee

Part 1   General amendments

Division 1   Amendments

Proceeds of Crime Act 2002

36   At the end of section 279

Add:

Pre-disposal agreement

(5) Subsection (1) does not require written notice of the proposed disposal of the *controlled property to be given to a person who has agreed in writing to the disposal of the controlled property.

(6) If:

(a) a person has agreed to the disposal of the *controlled property; and

(b) the *Official Trustee disposes of the property;

the Official Trustee must:

(c) give the person written notice of the disposal of the property; and

(d) do so as soon as practicable after the disposal of the property.