34CDebits from the Confiscated Assets Special Account

#### 34C Debits from the Confiscated Assets Special Account (1) The purposes of the Confiscated Assets Special Account are: (a) to the extent to which it comprises suspended funds: (i) making such payments, if any, to States or to foreign countries as the Minister considers are appropriate under the equitable sharing program; and (ii) making such payments as the Minister administering the Mutual Assistance Act considers necessary to satisfy the Commonwealth’s obligations in respect of a registered foreign forfeiture order, an order registered under section 45 of the International War Crimes Tribunals Act 1995 or a registered foreign pecuniary penalty order; and (iii) making such payments to a State as the Minister administering the Mutual Assistance Act considers necessary following a credit to the Account under paragraph 34B(1)(b) of money received from a foreign country; and (iv) paying the prescribed annual management fee in accordance with the regulations; and (v) making such payments by way of restitution as are required under subparagraph 21(6)(d)(ii), paragraph 22(4)(b) or subparagraph 31(6)(d)(ii); and (b) to the extent to which it comprises distributable funds—making payments to a GBE of any proceeds of confiscated assets that relate to a relevant offence that caused financial loss to the GBE. (2) In this section: > relevant offence means an offence against section 131.1, 132.1, 132.6, 132.8, 134.1, 134.2, 135.1, 135.2, 135.4, 136.1, 137.1 or 137.2 of the Criminal Code or a prescribed offence.