106Effect of death on joint ownership

106 Effect of death on joint ownership (1) This section applies to property that is jointly owned if any of the owners die while the property (including any interest in the property) is subject to a restraining order. (2) If the property was held by the dead person as a joint tenant, the person’s death does not vest the person’s interest in the property in the surviving joint owner. (3) If the property was held by the dead person as a tenant in common, the dead person’s interest must not be transferred to anyone else because of the person’s death. Examples of prohibited transfers The dead person’s interest must not be transferred to an executor or administrator, or to a beneficiary under the dead person’s will or under intestacy. (4) The restraining order continues to apply to the property as if the person had not died. (5) An automatic forfeiture of any interest of the dead person in the property, or a forfeiture order made in relation to the interest, applies as if the interest were forfeited immediately before the person died. Note 1 A registered interstate automatic forfeiture decision is taken to be an Note 2 A registered interstate forfeiture order is taken to be a forfeiture order (6) If the restraining order stops applying to the property without it being forfeited under this Act, this section is taken not to have applied to the property.