http://www.legislation.gov.uk/ukpga/2002/29/schedule/11/paragraph/20Proceeds of Crime Act 2002An Act to establish the Assets Recovery Agency and make provision about the appointment of its Director and his functions (including Revenue functions), to provide for confiscation orders in relation to persons who benefit from criminal conduct and for restraint orders to prohibit dealing with property, to allow the recovery of property which is or represents property obtained through unlawful conduct or which is intended to be used in unlawful conduct, to make provision about money laundering, to make provision about investigations relating to benefit from criminal conduct or to property which is or represents property obtained through unlawful conduct or to money laundering, to make provision to give effect to overseas requests and orders made where property is found or believed to be obtained through criminal conduct, and for connected purposes.2002-08-12texttext/xmlenStatute Law Database2024-06-07Expert Participation2024-04-26 SCHEDULESSCHEDULE 11Amendments<Emphasis>Insolvency (Northern Ireland) Order 1989 (<Acronym Expansion="Statutory Instrument">S.I.</Acronym> 1989/2405 (N.I. 19))</Emphasis>201The Insolvency (Northern Ireland) Order 1989 is amended as follows.2In Article 255 (effect of discharge) after paragraph (4) insert—4AIn paragraph (4) the reference to a fine includes a reference to a confiscation order under Part 2, 3 or 4 of the Proceeds of Crime Act 2002.3After Article 279 insert— Property subject to restraint order279A1This Article applies where—aproperty is excluded from the bankrupt’s estate by virtue of section 423(2)(a) of the Proceeds of Crime Act 2002 (property subject to a restraint order),ban order under section 50, 52, 128, 198 or 200 of that Act has not been made in respect of the property, andcthe restraint order is discharged.2On the discharge of the restraint order the property vests in the trustee as part of the bankrupt’s estate.3But paragraph (2) does not apply to the proceeds of property realised by a management receiver under section 49(2)(d) or 197(2)(d) of that Act (realisation of property to meet receiver’s remuneration and expenses). Property in respect of which receivership or administration order made279B1This Article applies where—aproperty is excluded from the bankrupt’s estate by virtue of section 423(2)(b), (c) or (d) of the Proceeds of Crime Act 2002 (property in respect of which an order for the appointment of a receiver or administrator under certain provisions of that Act is in force),ba confiscation order is made under section 6, 92 or 156 of that Act,cthe amount payable under the confiscation order is fully paid, anddany of the property remains in the hands of the receiver or administrator (as the case may be).2The property vests in the trustee as part of the bankrupt’s estate. Property subject to certain orders where confiscation order discharged or quashed279C1This Article applies where—aproperty is excluded from the bankrupt’s estate by virtue of section 423(2)(a), (b), (c) or (d) of the Proceeds of Crime Act 2002 (property in respect of which a restraint order or an order for the appointment of a receiver or administrator under that Act is in force),ba confiscation order is made under section 6, 92 or 156 of that Act, andcthe confiscation order is discharged under section 30, 114 or 180 of that Act (as the case may be) or quashed under that Act or in pursuance of any enactment relating to appeals against conviction or sentence.2Any such property in the hands of a receiver appointed under Part 2 or 4 of that Act or an administrator appointed under Part 3 of that Act vests in the trustee as part of the bankrupt’s estate.3But paragraph (2) does not apply to the proceeds of property realised by a management receiver under section 49(2)(d) or 197(2)(d) of that Act (realisation of property to meet receiver’s remuneration and expenses).Sch. 11 para. 20 in force at 24.3.2003 for specified purposes by S.I. 2003/333, art. 2, Sch. (with arts. 10-13)Sch. 11 para. 20 in force at 24.3.2003 in so far as not already in force by S.S.I. 2003/210, art. 2(1)(b)(2), sch. (with art. 7)
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Insolvency (Northern Ireland) Order 1989 (
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1989/2405 (N.I. 19))
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<Text>The Insolvency (Northern Ireland) Order 1989 is amended as follows.</Text>
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<Text>In Article 255 (effect of discharge) after paragraph (4) insert—</Text>
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<Text>After Article 279 insert—</Text>
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<Text>This Article applies where—</Text>
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<Text>property is excluded from the bankrupt’s estate by virtue of section 423(2)(a) of the Proceeds of Crime Act 2002 (property subject to a restraint order),</Text>
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<Text>an order under section 50, 52, 128, 198 or 200 of that Act has not been made in respect of the property, and</Text>
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<Text>But paragraph (2) does not apply to the proceeds of property realised by a management receiver under section 49(2)(d) or 197(2)(d) of that Act (realisation of property to meet receiver’s remuneration and expenses).</Text>
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<Text>This Article applies where—</Text>
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<Text>property is excluded from the bankrupt’s estate by virtue of section 423(2)(b), (c) or (d) of the Proceeds of Crime Act 2002 (property in respect of which an order for the appointment of a receiver or administrator under certain provisions of that Act is in force),</Text>
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<Text>a confiscation order is made under section 6, 92 or 156 of that Act,</Text>
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</P3>
<P3>
<Pnumber>d</Pnumber>
<P3para>
<Text>any of the property remains in the hands of the receiver or administrator (as the case may be).</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2>
<Pnumber>2</Pnumber>
<P2para>
<Text>The property vests in the trustee as part of the bankrupt’s estate.</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group>
<Title> Property subject to certain orders where confiscation order discharged or quashed</Title>
<P1>
<Pnumber PuncAfter="">279C</Pnumber>
<P1para>
<P2>
<Pnumber>1</Pnumber>
<P2para>
<Text>This Article applies where—</Text>
<P3>
<Pnumber>a</Pnumber>
<P3para>
<Text>property is excluded from the bankrupt’s estate by virtue of section 423(2)(a), (b), (c) or (d) of the Proceeds of Crime Act 2002 (property in respect of which a restraint order or an order for the appointment of a receiver or administrator under that Act is in force),</Text>
</P3para>
</P3>
<P3>
<Pnumber>b</Pnumber>
<P3para>
<Text>a confiscation order is made under section 6, 92 or 156 of that Act, and</Text>
</P3para>
</P3>
<P3>
<Pnumber>c</Pnumber>
<P3para>
<Text>the confiscation order is discharged under section 30, 114 or 180 of that Act (as the case may be) or quashed under that Act or in pursuance of any enactment relating to appeals against conviction or sentence.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2>
<Pnumber>2</Pnumber>
<P2para>
<Text>Any such property in the hands of a receiver appointed under Part 2 or 4 of that Act or an administrator appointed under Part 3 of that Act vests in the trustee as part of the bankrupt’s estate.</Text>
</P2para>
</P2>
<P2>
<Pnumber>3</Pnumber>
<P2para>
<Text>But paragraph (2) does not apply to the proceeds of property realised by a management receiver under section 49(2)(d) or 197(2)(d) of that Act (realisation of property to meet receiver’s remuneration and expenses).</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
</BlockAmendment>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
</ScheduleBody>
</Schedule>
</Schedules>
</Primary>
<Commentaries>
<Commentary id="key-4067bf410d732b3a83f747a165ea0ca5" Type="I">
<Para>
<Text>
Sch. 11 para. 20 in force at 24.3.2003 for specified purposes by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2003/333" id="cfrux0632-03648" Class="UnitedKingdomStatutoryInstrument" Year="2003" Number="333" Title="The Proceeds of Crime Act 2002 (Commencement No. 5, Transitional Provisions, Savings and Amendment) Order 2003">S.I. 2003/333</Citation>
,
<CitationSubRef id="cfrux0632-03649" CitationRef="cfrux0632-03648" URI="http://www.legislation.gov.uk/id/uksi/2003/333/article/2" SectionRef="article-2">art. 2</CitationSubRef>
,
<CitationSubRef id="cfrux0632-03650" CitationRef="cfrux0632-03648" URI="http://www.legislation.gov.uk/id/uksi/2003/333/schedule" SectionRef="schedule" Operative="true">Sch.</CitationSubRef>
(with
<CitationSubRef id="cfrux0632-03651" CitationRef="cfrux0632-03648" URI="http://www.legislation.gov.uk/id/uksi/2003/333/article/10" UpTo="http://www.legislation.gov.uk/id/uksi/2003/333/article/13" StartSectionRef="article-10" EndSectionRef="article-13">arts. 10-13</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-eb85da76ab5be13ff247e0b5c52a080f" Type="I">
<Para>
<Text>
Sch. 11 para. 20 in force at 24.3.2003 in so far as not already in force by
<Citation URI="http://www.legislation.gov.uk/id/ssi/2003/210" id="cfrux0632-03635" Class="ScottishStatutoryInstrument" Year="2003" Number="210" Title="Proceeds of Crime Act 2002 (Commencement No.6, Transitional Provisions and Savings) (Scotland) Order 2003">S.S.I. 2003/210</Citation>
,
<CitationSubRef id="cfrux0632-03636" CitationRef="cfrux0632-03635" URI="http://www.legislation.gov.uk/id/ssi/2003/210/article/2/1/b" SectionRef="article-2-1-b">art. 2(1)(b)</CitationSubRef>
<CitationSubRef id="cfrux0632-03637" CitationRef="cfrux0632-03635" URI="http://www.legislation.gov.uk/id/ssi/2003/210/article/2/2" SectionRef="article-2-2">(2)</CitationSubRef>
,
<CitationSubRef id="cfrux0632-03638" CitationRef="cfrux0632-03635" URI="http://www.legislation.gov.uk/id/ssi/2003/210/schedule" SectionRef="schedule" Operative="true">sch.</CitationSubRef>
(with
<CitationSubRef id="cfrux0632-03639" CitationRef="cfrux0632-03635" URI="http://www.legislation.gov.uk/id/ssi/2003/210/article/7" SectionRef="article-7">art. 7</CitationSubRef>
)
</Text>
</Para>
</Commentary>
</Commentaries>
</Legislation>