41Effect of forfeiture

41 Effect of forfeiture (1) In this section ***registrable property*** means property title to which is passed by registration on a register kept by a relevant registration authority. S. 41(2) amended by Nos 43/1998 s. 36(i), 79/2014 s. 17(1)(c). (a) a court makes a forfeiture order or a civil forfeiture order in respect of property then, immediately on the making of the order; or S. 41(2)(b) amended by Nos 43/1998 s. 36(i), 55/2014 s. 31, 79/2014 s. 17(1)(a). (b) property is forfeited to the Minister by automatic forfeiture under section 35 or 36GA; or S. 41(2)(ba) inserted by No. 79/2014 s. 17(1)(b), amended by No. 26/2024 s. 30. (ba) property is forfeited to the Minister by unexplained wealth forfeiture under section 40ZA or 40ZAB— the property vests in the Minister subject to every mortgage, charge or encumbrance to which it was subject immediately before the order was made or the automatic forfeiture or unexplained wealth forfeiture occurred (as the case may be) and to— S. 41(2)(c) amended by No. 74/2010 s. 37(Sch. item 1(a)). (c) in the case of land, every interest registered, notified or saved under the **Transfer of Land Act 1958** or the **Property Law Act 1958**. S. 41(2)(d) repealed by No. 74/2010 s. 37(Sch. item 1(b)). S. 41(2A) inserted by No. 27/2016 s. 15(1). (2A) Despite subsection (2), property that vests in the Minister under that subsection is not subject to any mortgage, charge or encumbrance created by an interstate restraining order. S. 41(3) amended by Nos 43/1998 s. 36(i), 55/2014 s. 31, 79/2014 s. 17(2), 26/2024 s. 30. (3) If registrable property is forfeited to the Minister under a forfeiture order or a civil forfeiture order or by automatic forfeiture under section 35 or 36GA or by unexplained wealth forfeiture under section 40ZA or 40ZAB— S. 41(3)(a) amended by No. 43/1998 s. 36(i). (a) the property vests in equity in the Minister but does not vest in the Minister at law until the applicable registration requirements have been complied with; and S. 41(3)(b) amended by No. 43/1998 s. 36(i). (b) the Minister is entitled to be registered as owner of the property; and S. 41(3)(c) amended by No. 43/1998 s. 36(h)(i). (c) the Minister or a prescribed person authorised by the Minister for the purposes of this subsection has power to do, or to authorise the doing of, anything necessary or convenient to obtain the registration of the Minister as owner, including but not limited to, the execution of any instrument required to be executed by a person transferring an interest in property of that kind. S. 41(4) amended by Nos 43/1998 s. 36(h)(i), 55/2014 s. 31, 79/2014 s. 17(2), 26/2024 s. 30. (4) If registrable property has been forfeited to the Minister under a forfeiture order or a civil forfeiture order or by automatic forfeiture under section 35 or 36GA or by unexplained wealth forfeiture under section 40ZA or 40ZAB, the Minister or the DPP or a prescribed person authorised by the Minister for the purposes of this subsection has power to do anything necessary or convenient to give notice of, or otherwise protect, the equitable interest of the Minister in the property. S. 41(5) inserted by No. 27/2016 s. 15(2). (5) Section 73(2) of the Personal Property Securities Act 2009 of the Commonwealth applies to any property forfeited to the Minister under this section to the extent, if any, to which that Act applies in relation to the property.