Document ID: chunk:federal_register_of_legislation:C2023C00229:section:35k
Version: federal_register_of_legislation:C2023C00229
Segment Type: section
Provision Reference: s 35K
Character Range: 143541–144477

35K  When the charge ceases to have effect
  The charge ceases to have effect in respect of the property on the earliest of the following events:
 (a) the payment to the Commonwealth of the amount under subsection 35J(2) in relation to the foreign pecuniary penalty order;
 (b) the sale or other disposition of the property:
 (i) under an order under subsection 35F(3); or
 (ii) by the owner of the property with the consent of the court in which the foreign pecuniary penalty order is registered; or
 (iii) if an order under section 35 ordered the Official Trustee to take control of the property—by the owner of the property with the consent of the Official Trustee;
 (c) the sale of the property to a purchaser in good faith for value who, at the time of purchase, has no notice of the charge;
 (d) the cancellation of the registration of the relevant foreign restraining order or foreign pecuniary penalty order under section 34G.