84Meaning of lawfully acquired

84 Meaning of lawfully acquired

[Section 84 Inserted by No. 60 of 2013, s. 12, Applied:01 Mar 2014]

(1)  For the purposes of this Part, property or a benefit is lawfully acquired only if –

(a) the property or benefit was acquired in a legal manner; and

(b) the property or benefit, or each part of the property or benefit, was lawfully acquired property in the hands of the person from whom it was acquired; and

(c) any consideration given for the property or benefit was lawfully acquired; and

(d) any obligation in relation to the acquisition of the property or benefit is, or has been, satisfied by lawfully acquired means.

(2)  For the purposes of this Part, property that is given to a person as a gift, or has been bequeathed to a person, is only lawfully acquired property of the recipient if it was lawfully acquired property of the donor.