Crimes Legislation Amendment (Economic Disruption) Act 2021

If:

property is forfeited to the Commonwealth under this Part; and

an interest in the property is required to be transferred to a person (the relevant person) under subsection 88(1) or 89(1), or under a direction under paragraph 73(2)(c); and

the relevant person’s interest in the property, immediately before the forfeiture took place, was not the only interest in the property; and

the relevant person gives written notice to each other person who had an interest in the property immediately before the forfeiture took place that:

the relevant person intends to purchase that other interest from the Commonwealth; and

the person served with the notice may, within 21 days after receiving the notice, lodge a written objection to the purchase of that other interest with the Minister and the *Official Trustee; and

no person served with notice under paragraph (d) in relation to that other interest lodges a written objection to the purchase of that other interest with the Minister and the Official Trustee within the period referred to in that paragraph; and

the relevant person pays to the Commonwealth, while that other interest is still vested in the Commonwealth, an amount equal to the value of that other interest;

If a person served with notice under paragraph (1)(d) in relation to the other interest mentioned in that paragraph lodges a written objection to the purchase of that other interest with the Minister and the *Official Trustee within the period referred to in that paragraph:

the Minister; or

a *senior Departmental officer authorised by the Minister for the purposes of this subsection;

If property forfeited under section 92 is controlled property for the purposes of Division 3 of Part 4‑1, this section does not prevent or limit the exercise of powers or performance of duties by the *Official Trustee under that Division.

apply:

any amounts received from that disposal; and

any of the forfeited property that is money;