Seized Property Management Act (S.C. 1993, c. 37)

AMENDMENTS NOT IN FORCE

• — 2024, c. 15, s. 302

  • • 302 (1) Paragraph 4(1)(b.1) of the Seized Property Management Act is replaced by the following:

      • (b.1) forfeited under subsection 14(5) or 39.03(5), seized under subsection 18(1) or 39.06(1) or paid under subsection 18(2) of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act;

    • (2) Paragraph 4(1)(b.3) of the Act is replaced by the following:

      • (b.3) if the Minister agrees to be responsible for its custody and management, forfeited under any Act of Parliament, other than under subsection 14(5) or 39.03(5) of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act or subparagraph 715.34(1)(e)(i) of the Criminal Code or forfeited under any Act of the legislature of a province; or

• — 2024, c. 15, s. 314

  • 314 Paragraph 13(3)(b) of the Seized Property Management Act is repealed.

• — 2024, c. 15, s. 315

  • 315 Section 16 of the Act is replaced by the following:

    • Credit of excess to account

      16 At the prescribed times, all amounts credited to the Proceeds Account that are not shared under sections 10 and 11, less the amounts that are reserved for future losses and for ongoing expenses, shall be credited to the prescribed account in the accounts of Canada.