Proceeds of Crime Act 2002

CHAPTER 4 - ADMINISTRATION  

PART 4-4 - CHARGES OVER RESTRAINED PROPERTY FOR PAYMENT OF CERTAIN AMOUNTS  

Division 2 - Charges to secure certain amounts payable to the Commonwealth  

SECTION 302B  

302B   When the charge ceases to have effect  
A charge created under section 302A ceases to have effect on a * person's property on the earliest of the following events:

(a) the amount owing under subsection 293(3) is paid to the Commonwealth;

(b) there is forfeited to the Commonwealth under this Act:

(i) all of the property that is covered by the charge; or

(ii) some of the property that is so covered, being property of a value that equals or exceeds the amount owing under subsection 293(3) ;

(c) the person sells or disposes of the property with the consent of the * Official Trustee.