Forfeited articles to be dealt with by Official Trustee
9A Forfeited articles to be dealt with by Official Trustee
Where articles are transferred to the Official Trustee under subsection 9(4), the Official Trustee must, subject to any direction by the Minister administering the Proceeds of Crime Act 2002 given in a particular case:
sell or otherwise dispose of the articles; and
apply the proceeds of the sale or disposition in payment of the Official Trustee’s remuneration and other costs, charges and expenses of the kind referred to in section 9B payable to or incurred by it in connection with the sale or disposition; and
credit the remainder of those proceeds to the Confiscated Assets Account as required by section 296 of the Proceeds of Crime Act 2002.
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