Document ID: chunk:federal_register_of_legislation:C2018C00169:section:63:p2
Version: federal_register_of_legislation:C2018C00169
Segment Type: section
Provision Reference: s 63 (pt 2/2)
Character Range: 182558–183912

required by section 34B; and
 (b) if the property is not money:
 (i) sell or otherwise dispose of the property;
 (ii) apply the proceeds of the sale or disposition in payment of the costs payable to the Official Trustee in accordance with section 55 in respect of the order under section 61 in respect of the property (including expenses incurred in connection with the sale or disposition of any of the property to which the order under section 61 relates); and
 (iii) subject to subsection (5), credit the amount of the remainder of those proceeds to the Confiscated Assets Special Account as required by section 34B.
 (5) Where the money or proceeds to which subparagraph (4)(a)(ii) or (b)(iii) applies, exceeds the penalty amount, the Official Trustee shall:
 (a) credit to the Confiscated Assets Special Account as required by section 34B an amount equal to the penalty amount; and
 (b) pay the balance to the person whose property was subject to the order under section 61.
 (6) Where the Official Trustee credits, in accordance with an order under subsection (1), an amount to the Confiscated Assets Special Account as required by section 34B in satisfaction of a person's liability under a foreign pecuniary penalty, the person's liability under the foreign pecuniary penalty order shall, to the extent of the payment, be deemed to be discharged.