Commonwealth Consolidated Acts

ENVIRONMENT PROTECTION AND BIODIVERSITY CONSERVATION ACT 1999 - SECT 450B

             (1)  If:

                     (a)  a thing is seized under this Part; and

                     (b)  the owner of the thing agrees to transfer ownership of the thing to the Commonwealth, either:

                              (i)  unconditionally; or

                             (ii)  in the event that a future contingency happens; and

                     (c)  if subparagraph (b)(ii) applies--that contingency happens;

then:

                     (d)  the thing becomes the property of the Commonwealth; and

                     (e)  the provisions of this Part relating to forfeiture apply as if the thing had been forfeited to the Commonwealth under this Act.

             (2)  If:

                     (a)  a thing is seized under this Part; and

                     (b)  the owner of the thing agrees to transfer ownership of the thing to the Commonwealth in the event that a future contingency happens;

the Secretary may retain the thing:

                     (c)  until the thing becomes the property of the Commonwealth; or

                     (d)  if the thing does not become the property of the Commonwealth--until the end of the last day on which that contingency could happen.

             (3)  Subsection (2) has effect despite anything in section 438, 444G, 446, 456AB or 456AC.