Commonwealth Numbered Acts

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PROCEEDS OF CRIME ACT 2002 No. 85, 2002 - SECT 276

Preserving controlled property

The * Official Trustee may do anything that is reasonably necessary for the purpose of preserving the * controlled property, including the following:

(a)
becoming a party to any civil proceedings affecting the property;

(b)
ensuring that the property is insured;

(c)
realising or otherwise dealing with any of the property that is securities or investments;

(d)
if any of the property is a business:

(i)
employing, or terminating the employment of, persons in the business; or
(ii)
doing anything necessary or convenient to carry on the business on a sound commercial basis.


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