Proceeds of Crime Act 1996

1C.

F7 [ Compensation

1C. (1) Where property is detained under an authorisation and

(a) an application to the Court for an interim order or an interlocutory order in respect of the property, in whole or in part, is not made before the expiration of the authorisation, or

(b) such an application is made but the Court does not make an interim order, or an interlocutory order, as the case may be, in respect of the property,

the Court may, on application to it in that behalf by a person who shows to the satisfaction of the Court that he or she is the owner of the property, award to the person such (if any) compensation payable by the Minister as it considers just in the circumstances in respect of any loss incurred by the person by reason of the authorisation concerned.

(2) An application under subsection (1) may be made only if notice has been given to the Criminal Assets Bureau. ]

Annotations:

Amendments:

F7

Inserted (12.08.2016) by Proceeds of Crime (Amendment) Act 2016 (8/2016), s. 3, S.I. No. 437 of 2016.