South Australian Numbered Acts

CRIMINAL ASSETS CONFISCATION ACT 2005 (NO 19 OF 2005) - SECT 106

106—Effect of property vesting in an insolvency trustee

For the purpose of assessing the value of benefits that a person has derived from the commission of a serious offence, the person’s property is taken to continue to be the person’s property if it vests in any of the following:

            (a)         in relation to a bankruptcy—the trustee of the estate of the bankrupt;

            (b)         in relation to a composition or scheme of arrangement under Division 6 of Part IV of the Bankruptcy Act 1966 of the Commonwealth—the trustee of the composition or scheme of arrangement;

            (c)         in relation to a deed of assignment, a deed of arrangement or a composition under Part X of the Bankruptcy Act 1966 of the Commonwealth—the trustee of the deed or the composition;

            (d)         in relation to the estate of a deceased person in respect of which an order has been made under Part XI of the Bankruptcy Act 1966 of the Commonwealth—the trustee of the estate.