ACTIn ForceAct
Confiscation of Criminal Assets Act 2003
96Power to satisfy penalty order
Start here
Get a plain-English read of 96
Turn the raw legal text into a practical explanation grounded in Confiscation of Criminal Assets Act 2003.
96 Power to satisfy penalty order
(1) A penalty order in relation to an offence authorises the public trustee
and guardian to satisfy the order out of any property restrained for the
offence (including any property that becomes restrained after the
order is made).
Note 1 The penalty order may also be enforced as a judgment debt (see s 88).
Note 2 An amount received by the public trustee and guardian to satisfy the
penalty order must be paid into the confiscated assets trust fund (see s
131).
Note 3 An interstate penalty charge is taken to be a penalty charge under this Act
(see s 139).
(2) To satisfy the penalty order, the public trustee and guardian may sell
or otherwise dispose of restrained property that is not money in any
way the public trustee and guardian considers appropriate.
Note The money realised by the public trustee and guardian from the disposal
of property must be paid into the be paid into the confiscated assets trust
fund (see s 131 and dict, def fully satisfied, par (b)).
(3) However, the public trustee and guardian must not sell or otherwise
dispose of restrained property to satisfy the order until—
(a) all confiscation proceedings (including forfeiture proceedings)
in relation to the property have been finalised; and
(b) all proceedings in relation to the offender’s conviction for the
offence are finalised.
Note 1 For the meaning of confiscation proceedings, see s 236.
Note 2 For when confiscation and criminal proceedings are finalised, see s 18.
Note 3 If the offender is acquitted on appeal, the restraining order will end, and
the penalty charge ends under s 95.
(4) The penalty order also authorises the public trustee and guardian or
anyone else named in the order (an authorised agent) to sign any
instrument necessary or convenient for the disposal of restrained
End of penalty orders Division 7.5
(5) An instrument signed by an authorised agent has the same effect as if
it were signed by the person who owned the property before it was