Queensland Consolidated Acts

CRIMINAL PROCEEDS CONFISCATION ACT 2002 - SECT 172

172 Effect of payment under buy-back order or release order

(1) On the payment to the State of the amount stated in a buy-back order as the value of an interest in forfeited property, the effect of the forfeiture of the interest ends.

(2) On the payment to the State of the amount stated in a release order as the value of an interest in forfeited property, the forfeiture order applying to the interest ceases to apply to the interest.

(3) Subsections (1) and (2) have effect only if the payment is made while the interest is still vested in the State.

(4) As soon as practicable after the amount mentioned in the buy-back order or release order is paid, the Attorney-General must arrange for the interest to be transferred to the person in whom it was vested immediately before it was forfeited to the State.

(5) The Attorney-General may do or authorise the doing of anything necessary or convenient to be done for the transfer.