CTHIn ForceAct
Proceeds of Crime Act 2002
129Effect of property vesting in an insolvency trustee
Start here
Get a plain-English read of 129
Turn the raw legal text into a practical explanation grounded in Proceeds of Crime Act 2002.
#### 129 Effect of property vesting in an insolvency trustee
In assessing the value of \*benefits that a person has derived, the \*person’s property is taken to continue to be the person’s property if it vests in any of the following:
(a) in relation to a bankruptcy—the trustee of the estate of the bankrupt; or
(b) in relation to a composition or scheme of arrangement under Division 6 of Part IV of the Bankruptcy Act 1966—the trustee of the composition or scheme of arrangement; or
(c) in relation to a personal insolvency agreement under Part X of the Bankruptcy Act 1966—the trustee of the agreement; or
(d) in relation to the estate of a deceased person in respect of which an order has been made under Part XI of the Bankruptcy Act 1966—the trustee of the estate.