Proceeds of Crime Act 2002
If:
(a) because of the operation of subsection 24(3) , property that is covered by a * restraining order is taken, for the purposes of paragraph 24(2)(d) , not to be covered by the order; and
(b) as a result, and for no other reason, the court refuses an application to make an order under subsection 24(1) ;
the court may:
(c) exclude the property from the restraining order; or
(d) if the property is the only property covered by the restraining order - revoke the restraining order.
24A(2)
The court must not exclude the property or revoke the order unless the court is satisfied that the property is needed to meet any one or more of the following:
(a) the reasonable living expenses of the person whose property is restrained;
(b) the reasonable living expenses of any of the * dependants of that person;
(c) the reasonable business expenses of that person;
(d) a specified debt incurred in good faith by that person.
24A(3)
If the court excludes the property from the * restraining order, the *responsible authority must give written notice of the exclusion to:
(a) the owner of the property (if the owner is known); and
(b) any other person the authority reasonably believes may have an * interest in the property.
However, the authority need not give notice to the applicant for the order under subsection 24(1) .
View history note
Hide history note24A(4)
If the court revokes the * restraining order, the *responsible authority must give written notice of the revocation to:
(a) the owner of any property covered by the restraining order (if the owner is known); and
(b) any other person the authority reasonably believes may have an * interest in the property.
However, the authority need not give notice to the applicant for the order under subsection 24(1) .
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