74U.K.Before section 413 (in Chapter 4 of Part 8), insert—
“412APower to vary monetary amounts
(1)In order to take account of changes in the value of money, the Secretary of State may by regulations substitute another sum for the sum for the time being specified in—
(a)section 362B(2)(b) (minimum value of property for purposes of making unexplained wealth order in England and Wales or Northern Ireland), and
(b)section 396B(2)(b) (minimum value of property for purposes of making unexplained wealth order in Scotland).
(2)The Secretary of State must consult the Department of Justice in Northern Ireland and the Scottish Ministers before making regulations under subsection (1).”
Commencement Information
I1Sch. 5 para. 74 in force at Royal Assent for specified purposes, see s. 58
I2Sch. 5 para. 74 in force at 31.1.2018 for E.W.S. in so far as not already in force by S.I. 2018/78, reg. 5(1)(e)
I3Sch. 5 para. 74 in force at 28.6.2021 for N.I. in so far as not already in force by S.I. 2021/724, reg. 4(i)