Proceeds of Crime Act 2002

CHAPTER 2 - THE CONFISCATION SCHEME  

PART 2-6 - UNEXPLAINED WEALTH ORDERS  

Division 2 - Unexplained wealth amounts  

SECTION 179H  

179H   Effect of property vesting in an insolvency trustee  


In assessing the value of property of a person, property is taken to continue to be the *person's property if it vests in any of the following:


(a) in relation to a bankruptcy - the trustee of the estate of the bankrupt;


(b) in relation to a composition or scheme of arrangement under Division 6 of Part IV of the Bankruptcy Act 1966 - the trustee of the composition or scheme of arrangement;


(c) in relation to a personal insolvency agreement under Part X of the Bankruptcy Act 1966 - the trustee of the agreement;


(d) in relation to the estate of a deceased person in respect of which an order has been made under Part XI of the Bankruptcy Act 1966 - the trustee of the estate.


 

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