Criminal Property Confiscation Act 2000

A charge created on property under section 123(1) ceases to have effect as soon as any one of the following happens —

the interstate criminal benefits declaration that gave rise to the charge ceases to have effect;

the declaration is set aside by a court;

the amount due under or as a result of the declaration is paid;

the owner of the property becomes, according to the Interpretation Act 1984 section 13D, a bankrupt;

the property is sold to a purchaser in good faith for value who, at the time of purchase, had no notice of the charge;

the property is sold or otherwise disposed of in accordance with subsection (2).

For the purposes of subsection (1)(f), property may be sold or otherwise disposed of —

under an order made by a court under the corresponding law of the Commonwealth, or of the State or Territory, under which the interstate criminal benefits declaration was made; or

by the owner of the property with the consent of the court that made the interstate criminal benefits declaration; or

where an order of a court directs a person to take control of the property — by the owner of the property with the consent of the person.