Commonwealth Consolidated Acts

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BANKRUPTCY ACT 1966 - SECT 114A

The effect of proceeds of crime orders

  (1)   If property of a bankrupt is covered by a restraining order, or a forfeiture order, made on or after the date of the bankruptcy, proceeds of property that is covered by the order must not be applied under Subdivision   A while that property is so covered.

  (2)   If a pecuniary penalty order is made against a bankrupt on or after the date of the bankruptcy, proceeds of any of the property of the bankrupt must not be applied under Subdivision   A while the order is in force.

Note:   For proceeds of crime orders made before the date of the bankruptcy, see section   58A.


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