Confiscation of Criminal Assets Act 2003
58Automatic forfeiture of restrained property on conviction
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58 Automatic forfeiture of restrained property on conviction for serious offences (a) a person is convicted of a serious offence; and (b) a restraining order (other than an artistic profits restraining order) is made, whether before or after the conviction, over property in relation to the offence or a related serious offence committed by the person. (2) The restrained property is forfeited to the Territory at the end of whichever of the following periods applies (the relevant 14-day period), except so far as the property is excluded from forfeiture under an exclusion order: (a) if the restraining order was made before the conviction— 14 days after the day of conviction; (b) if the restraining order was made at the same time as or after the conviction—14 days after the day the restraining order comes into force. (3) However, if an application for an exclusion order in relation to the before the end of the relevant 14-day period, the property (or that part) is not forfeited until the proceeding in relation to the exclusion order is finalised.
Automatic forfeiture—conviction for serious offences Division 5.2