QLDIn ForceAct
Criminal Proceeds Confiscation Act 2002
sec.63Forfeiture order may provide for discharge of encumbrance
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### sec.63 Forfeiture order may provide for discharge of encumbrance
If—
the Supreme Court is satisfied an encumbrancee took an encumbrance over property to be forfeited under a forfeiture order in good faith, for valuable consideration, and in the ordinary course of the encumbrancee’s business; and
the State gives an undertaking to apply the proceeds of disposing of the forfeited property towards discharging the encumbrance;
the court may make the orders about the encumbrance the court considers appropriate.
The commission or, if the application is made by a police officer, the commissioner of the police service may give the undertaking for the State.
(sec.63-ssec.1) If— the Supreme Court is satisfied an encumbrancee took an encumbrance over property to be forfeited under a forfeiture order in good faith, for valuable consideration, and in the ordinary course of the encumbrancee’s business; and the State gives an undertaking to apply the proceeds of disposing of the forfeited property towards discharging the encumbrance; the court may make the orders about the encumbrance the court considers appropriate.
(sec.63-ssec.2) The commission or, if the application is made by a police officer, the commissioner of the police service may give the undertaking for the State.
- (a) the Supreme Court is satisfied an encumbrancee took an encumbrance over property to be forfeited under a forfeiture order in good faith, for valuable consideration, and in the ordinary course of the encumbrancee’s business; and
- (b) the State gives an undertaking to apply the proceeds of disposing of the forfeited property towards discharging the encumbrance;