302BWhen the charge ceases to have effect

302B When the charge ceases to have effect

A charge created under section 302A ceases to have effect on a *person’s property on the earliest of the following events: (a) the amount owing under subsection 293(3) is paid to the Commonwealth; (b) there is forfeited to the Commonwealth under this Act: (i) all of the property that is covered by the charge; or (ii) some of the property that is so covered, being property of a value that equals or exceeds the amount owing under subsection 293(3); (c) the person sells or disposes of the property with the consent of the *Official Trustee.