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Confiscation of Criminal Assets Act 2003
98JPower to satisfy unexplained wealth order
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98J Power to satisfy unexplained wealth order
(1) An unexplained wealth order authorises the public trustee and
guardian to satisfy the order out of any property restrained for the
order (including any property that becomes restrained after the order
is made).
Note 1 An amount received by the public trustee and guardian to satisfy the
unexplained wealth order must be paid into the confiscated assets trust
fund (see s 131).
Note 2 An interstate unexplained wealth order is taken to be an unexplained
wealth order under this Act (see s 139).
(2) To satisfy the unexplained wealth 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 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 all confiscation
proceedings, including forfeiture proceedings, in relation to the
property have been 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.
(4) The unexplained wealth 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 property.
(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