111Disposal of forfeited property

111 Disposal of forfeited property (1) If forfeited property is money, the public trustee and guardian must pay the money into the trust fund. (2) The public trustee and guardian must sell or otherwise dispose of forfeited property (other than money) as soon as practicable after— (a) the end of 14 days after the day the property was forfeited; and (b) the property has vested at law in the Territory; and (c) the public trustee and guardian has control of the property; and (d) if applicable—the end of 14 days after all confiscation proceedings in relation to the property have been finalised. Note 1 A restraining order stops applying to property when the property vests in law in the Territory and the public trustee and guardian takes control of the property (see s 45 (1) (b)). Note 2 The 14-day periods reflect the application periods for return or compensation orders under div 9.5 and buy-back orders under div 9.6. Note 3 For the sale of jointly owned property, see s 116.