564How property may be dealt with

564 How property may be dealt with (1) This section applies if, under section 563, a thing or sample becomes the property of the Regulator. (2) The Regulator may take action under this section after giving 28 days’ notice of the intention to do so to— (a) the person from whom the thing or sample was seized; and (b) the person who was the owner of the thing or sample immediately before the forfeiture; and (c) each person having a registered interest in the thing or sample. (3) The Regulator may deal with the thing or sample as the Regulator considers appropriate, including, for example, by destroying it or giving it away. (4) The Regulator must not deal with the thing or sample in a way that could prejudice the outcome of a review of the decision to forfeit the thing or sample, or an appeal against the decision on that review, (5) If the Regulator sells the thing or sample, the Regulator may, after deducting the costs of the sale, return the proceeds of the sale to the person who was the owner of the thing or sample immediately before the forfeiture.

Forfeiture and transfers Division 3