Commonwealth Numbered Acts

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PROCEEDS OF CRIME ACT 2002 No. 85, 2002 - SECT 289

Income generated from controlled property

(1) The * Official Trustee may apply any income generated from * controlled property to the payment of amounts payable to the Official Trustee, in relation to the property, under regulations made for the purposes of section 288. (2) However, if the * restraining order relating to the * controlled property ceases to be in force and the property is returned to its owner, the * Official Trustee must arrange for an amount to be paid to the owner that is equal to the difference between:

(a)
the sum of all the amounts applied under this section in relation to the property; and

(b)
the sum of all the amounts of expenditure by the * Official Trustee that were necessary for maintaining the property or generating the income from property.

(3) This section does not affect other ways in which the * Official Trustee may recover amounts payable to the Official Trustee under regulations made for the purposes of section 288.



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