Document ID: chunk:federal_register_of_legislation:C2025C00034:section:284
Version: federal_register_of_legislation:C2025C00034
Segment Type: section
Provision Reference: s 284
Character Range: 455844–457165

284  Official Trustee to carry out directions
 (1) If the *Official Trustee is given a direction under section 282 or 282A in relation to property, the Official Trustee must, as soon as practicable after the end of the appeal period under section 285:
 (a) to the extent that the property is not money—sell or otherwise dispose of the property; and
 (b) apply:
 (i) to the extent that the property is money—that money; and
 (ii) the amounts received from the sale or disposition of the other property;
  in payment of the costs, charges, expenses and remuneration, of the kind referred to in subsection 288(1), incurred or payable in connection with the *restraining order and payable to the Official Trustee under the regulations; and
 (c) credit the remainder of the money and amounts received to the *Confiscated Assets Account as required by section 296.
 (2) However, if the remainder referred to in paragraph (1)(c) exceeds the *penalty amount, *literary proceeds amount or *unexplained wealth amount (as the case requires), the *Official Trustee must:
 (a) credit to the *Confiscated Assets Account as required by section 296 an amount equal to the penalty amount, literary proceeds amount or unexplained wealth amount; and
 (b) pay the balance to the person whose property was subject to the *restraining order.