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s 7

When frozen property is confiscated automatically

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Part 2Confiscation of property

7 When frozen property is confiscated automatically

(1)

Frozen property is confiscated if an objection to the confiscation of the property is not filed on or before the 28th day after the service cut off date for the property.

(2)

If an objection to the confiscation of frozen property is filed on or before the 28th day after the service cut off date for the property, the property is confiscated if —

(a)

the objection, or each objection if there are more than one, is finally determined; and

(b)

where the property is subject to a freezing notice — the freezing notice is not cancelled or set aside; and

(c)

where the property is subject to a freezing order — the freezing order is not set aside.

(3)

However, property frozen under a freezing notice is not confiscated under subsection (1) or (2) until the freezing notice is filed in accordance with section 36(6)(a).

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