15Interpretation of Division

15 Interpretation of Division

(1)  In this Division –

drug offence means an offence under Division 2 or 3 of this Part;

proceeds, in relation to a drug offence, includes –

(a) the proceeds of any sale involved in committing the offence; and

(b) any remuneration or other reward for committing the offence;

property means real or personal property, including things in action and other intangible property;

property derived from a drug offence does not include a controlled drug, controlled plant or controlled precursor.

(2)  For the purposes of this Division –

(a) property is taken to be directly derived from a drug offence if it is –

(i) all or part of the proceeds of the offence; or

(ii) wholly or partly acquired by disposing of, or using, the proceeds of the offence; and

(b) property is taken to be indirectly derived from a drug offence if it is wholly or partly acquired by disposing of, or using –

(i) property directly derived from the offence; or

(ii) property indirectly derived from the offence, including any property indirectly derived by virtue of the previous operation of subparagraph (i) ; and

(c) property that has been directly or indirectly derived from a drug offence does not lose that status merely by being deposited with an authorised deposit-taking institution or elsewhere for credit to an account or for investment.