NSWIn ForceAct
Confiscation of Proceeds of Crime Act 1989
42RPurchase of property
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42R Purchase of property
42R Purchase of property
(1) The payment to the State of an amount equal to the value of property subject to a freezing notice operates to discharge the freezing notice (except in so far as the court otherwise directs).
(2) For the purposes of this section, the value of property is the value agreed between the Attorney General and the person seeking to discharge the freezing notice.
(3) A payment may not be made under this section before a freezing notice is confirmed by a court.
ss 42N–42S: Ins 2005 No 73, Sch 1 [34].