Part 5Civil recovery of the proceeds etc. of unlawful conduct
Chapter 2Civil recovery in the High Court or Court of Session
Miscellaneous
I1287 Financial threshold
1
At any time when an order specifying an amount for the purposes of this section has effect, the enforcement authority may not start proceedings for a recovery order unless the authority reasonably believes that the aggregate value of the recoverable property which the authority wishes to be subject to a recovery order is not less than the specified amount.
2
The power to make an order under subsection (1) is exercisable by the Secretary of State after consultation with the Scottish Ministers.
3
If the authority applies for F1a property freezing order, an interim receiving order, a prohibitory property order or an interim administration order before starting the proceedings, subsection (1) applies to the application instead of to the start of the proceedings.
4
This section does not affect the continuation of proceedings for a recovery order which have been properly started or the making or continuing effect of F2a property freezing order, an interim receiving order, a prohibitory property order or an interim administration order which has been properly applied for.