Document ID: chunk:federal_register_of_legislation:C2018C00169:section:34c
Version: federal_register_of_legislation:C2018C00169
Segment Type: section
Provision Reference: s 34C
Character Range: 95214–96746

34C  Debits from the Confiscated Assets Special Account
 (1) The purposes of the Confiscated Assets Special Account are:
 (a) to the extent to which it comprises suspended funds:
 (i) making such payments, if any, to States or to foreign countries as the Minister considers are appropriate under the equitable sharing program; and
 (ii) making such payments as the Minister administering the Mutual Assistance Act considers necessary to satisfy the Commonwealth's obligations in respect of a registered foreign forfeiture order, an order registered under section 45 of the International War Crimes Tribunals Act 1995 or a registered foreign pecuniary penalty order; and
 (iii) making such payments to a State as the Minister administering the Mutual Assistance Act considers necessary following a credit to the Account under paragraph 34B(1)(b) of money received from a foreign country; and
 (iv) paying the prescribed annual management fee in accordance with the regulations; and
 (v) making such payments by way of restitution as are required under subparagraph 21(6)(d)(ii), paragraph 22(4)(b) or subparagraph 31(6)(d)(ii); and
 (b) to the extent to which it comprises distributable funds—making payments to a GBE of any proceeds of confiscated assets that relate to a relevant offence that caused financial loss to the GBE.
 (2) In this section:
relevant offence means an offence against section 131.1, 132.1, 132.6, 132.8, 134.1, 134.2, 135.1, 135.2, 135.4, 136.1, 137.1 or 137.2 of the Criminal Code or a prescribed offence.