Document ID: chunk:federal_register_of_legislation:C2004C01241:clause:1_47
Version: federal_register_of_legislation:C2004C01241
Segment Type: clause
Provision Reference: sch 1 cl 47
Character Range: 61833–62394

47  When property belongs to a person

 (1) For the purposes of this Subdivision, property belongs to a person if, and only if:
 (a) the person has possession or control of the property; or
 (b) the person has a proprietary right or interest in the property, other than an equitable interest arising only from:
 (i) an agreement to transfer an interest; or
 (ii) an agreement to grant an interest; or
 (iii) a constructive trust.

 (2) Subsection (1) has effect subject to subsections 134.1(9) and (10) of the Criminal Code (which deal with money transfers).