Proceeds of Crime Act 2002

CHAPTER 4 - ADMINISTRATION  

PART 4-1 - POWERS AND DUTIES OF THE OFFICIAL TRUSTEE  

Division 3 - Dealings relating to controlled property  

SECTION 276  

276   Preserving controlled property  
The * Official Trustee may do anything that is reasonably necessary for the purpose of preserving the * controlled property, including the following:

(a) becoming a party to any civil proceedings affecting the property;

(b) ensuring that the property is insured;

(c) realising or otherwise dealing with any of the property that is securities or investments;

(d) if any of the property is a business:

(i) employing, or terminating the employment of, persons in the business; or

(ii) doing anything necessary or convenient to carry on the business on a sound commercial basis.