VICIn ForceAct
Confiscation Act 1997
7AMeaning of *derived property*—civil forfeiture
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7A Meaning of *derived property*—civil forfeiture
(1) In relation to civil forfeiture, a civil forfeiture restraining order, a civil forfeiture order or a civil forfeiture exclusion order, ***derived property*** means—
(a) property used in, or in connection with, any unlawful activity; or
(b) property derived or realised, or substantially derived or realised, directly or indirectly, from any unlawful activity; or
(c) property derived or realised, or substantially derived or realised, directly or indirectly, from property of a kind referred to in paragraph (a) or (b).
***Property*** is defined as including any interest in property. See definition in section 3.
S. 7A(2) inserted by No. 27/2016 s. 5(3).
(2) Without limiting subsection (1), property is derived from property of a kind referred to in subsection (1)(a) or (b) if it is, or has been, subject to a mortgage, lien, charge, security or other encumbrance wholly or partly discharged using property of a kind referred to in subsection (1)(a), (b) or (c).
S. 7B inserted by No. 68/2010 s. 36, amended by No. 27/2016 s. 6 (ILA s. 39B(1)).