35KWhen the charge ceases to have effect

35K When the charge ceases to have effect

The charge ceases to have effect in respect of the property on the earliest of the following events: (a) the payment to the Commonwealth of the amount under subsection 35J(2) in relation to the foreign pecuniary penalty order; (b) the sale or other disposition of the property: (i) under an order under subsection 35F(3); or (ii) by the owner of the property with the consent of the court in which the foreign pecuniary penalty order is registered; or (iii) if an order under section 35 ordered the Official Trustee to take control of the property—by the owner of the property with the consent of the Official Trustee; (c) the sale of the property to a purchaser in good faith for value who, at the time of purchase, has no notice of the charge; (d) the cancellation of the registration of the relevant foreign restraining order or foreign pecuniary penalty order under section 34G.