Commonwealth Consolidated Acts

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PROCEEDS OF CRIME ACT 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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