An Act to amend the Criminal Code (proceeds of crime) and the Controlled Drugs and Substances Act and to make consequential amendments to another Act (S.C. 2005, c. 44)
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Assented to 2005-11-25
CONSEQUENTIAL AMENDMENTS
1993, c. 37Seized Property Management Act
Marginal note:1997, c. 23, s. 25
16. Section 14 of the Act is replaced by the following:
Marginal note:If costs are greater than proceeds
14. If the proceeds of disposition available to Her Majesty from the forfeiture of any property pursuant to subsection 462.37(1), (2) or (2.01) or 462.38(2), subparagraph 462.43(c)(iii) or subsection 490(9) of the Criminal Code or subsection 16(1) or 17(2) of the Controlled Drugs and Substances Act are insufficient to cover the outstanding amounts charged to the Working Capital Account pursuant to subsection 12(2), and any interest on it, in respect of the property, there shall be charged to the Proceeds Account and credited to the Working Capital Account, or to interest revenue, as the case may be, an amount equal to the amount of the shortfall.
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