The Minister must arrange for an * interest in property to be transferred to a
person (the purchaser ) if:
- (a)
- the property is forfeited to the
Commonwealth under this Part; and
- (b)
- the interest is required to be transferred to the purchaser under
subsection 88(1) or 89(1), or under a direction under paragraph 73(2)(c); and
- (c)
- the purchaser's interest in the property, immediately before the
forfeiture took place, was not the only interest in the property; and
- (d)
- the purchaser gives written notice to each other person who had an
interest in the property immediately before the forfeiture took place that:
- (i)
- the purchaser intends to purchase that other interest from the
Commonwealth; and
- (ii)
- the person served with the notice may, within 21 days after receiving the
notice, lodge a written objection to the purchase of that interest with the
Minister; and
- (e)
- no person served with notice under paragraph (d) in relation to that
interest lodges a written objection to the purchase of that interest with the
Minister within the period referred to in that paragraph; and
- (f)
- the purchaser pays to the Commonwealth, while that interest is still
vested in the Commonwealth, an amount equal to the value of that interest.