A person may buy back interest in forfeited property

Current

(1)

If—

(a)

property is forfeited to the Crown under section 74;

and

(b)

a court makes an order under section 79 in respect of an interest in the property; and

(c)

the amount specified in the order as the value of the interest is, while the interest is still vested in the Crown, paid to the Crown, the

Administrator must cause the interest to be transferred to the person in whom it was vested immediately before the property was forfeited to the Crown.

(2)

The

Administrator may do or authorise the doing of anything necessary or convenient to effect a transfer, including—

(a)

executing any instrument; and

(b)

applying for registration of an interest in the property on an appropriate register.

This Act’s bill:Second reading speech

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81 A person may buy back interest in forfeited property