TASIn ForceAct
Crime (Confiscation of Profits) Act 1993
161Financial organisation to transfer restrained funds to Public Trustee
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161 Financial organisation to transfer restrained funds to Public Trustee
[Section 161 Inserted by No. 60 of 2013, s. 12, Applied:01 Mar 2014]
(1) The Public Trustee may demand that a financial organisation transfer to the Public Trustee any funds that are restrained property.
(2) A financial organisation is to comply with a demand made by the Public Trustee under subsection (1) .
(3) The Public Trustee must hold on trust any funds received under this section and deal with the funds in accordance with the Public Trustee Act 1930 .