Document ID: chunk:federal_register_of_legislation:C2024C00866:section:52zh
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 52ZH
Character Range: 827641–828729

52ZH  Enforcement of charge
 (1) If:
 (a) real assets of a person are subject to a charge under section 52ZF; and
 (b) any of those real assets cease to be real assets of the person; and
 (c) the person receives proceeds from the sale or other disposal of the real assets;
the Commonwealth may recover from the person, out of those proceeds, the whole or part of the debt secured by the charge.
 (2) If:
 (a) real assets of a person are subject to a charge under section 52ZF; and
 (b) any of those real assets are disposed of to another person (in this section called the new owner);
the Commonwealth may, subject to subsection (3), enforce the charge against those real assets.
 (2A) For the purposes of paragraph (2)(b), it does not matter whether:
 (a) the disposal of the real assets is by way of sale, transfer, gift, will or otherwise; or
 (b) the disposal is by the person referred to in paragraph (2)(a) or any other person.
 (3) The Commonwealth may not enforce the charge against the real assets if the new owner is a genuine purchaser for value without notice of the charge.