Victorian Current Acts

CONFISCATION ACT 1997 - SECT 7B

    (1)     In any case other than that referred to in section 7A, "derived property" means—

        (a)     property used in, or in connection with, any unlawful activity by—

              (i)     the accused; or

              (ii)     the applicant for an exclusion order; or

        (b)     property derived or realised, or substantially derived or realised, directly or indirectly, from any unlawful activity by—

              (i)     the accused; or

              (ii)     the applicant for an exclusion order; or

        (c)     property derived or realised, or substantially derived or realised, directly or indirectly, from property of a kind referred to in paragraph (a) or (b).

Note

Property is defined as including any interest in property. See definition in section 3.

S. 7B(2) inserted by No. 27/2016 s. 6.

    (2)     Without limiting subsection (1), property is derived from property of a kind referred to in subsection (1)(a) or (b) if it is, or has been, subject to a mortgage, lien, charge, security or other encumbrance wholly or partly discharged using property of a kind referred to in subsection (1)(a), (b) or (c).

S. 7C inserted by No. 79/2014 s. 7.