Textual Amendments
F1Word in Sch. 1 heading substituted (27.4.2017 for specified purposes, 31.1.2018 in so far as not already in force) by Criminal Finances Act 2017 (c. 22), s. 58(5)(6), Sch. 5 para. 16(2); S.I. 2018/78, reg. 5(1)(c)
Textual Amendments
F2Sch. 1 Pt. 2A inserted (27.4.2017 for specified purposes, 30.1.2018 for the insertion of Sch. 1 para. 5A(10), 31.1.2018 in so far as not already in force) by Criminal Finances Act 2017 (c. 22), ss. 38(4), 58(1)(6); S.I. 2018/78, regs. 2(d), 3(u)
5B(1)This paragraph applies if a cash forfeiture notice is given in respect of any cash.
(2)The cash is to be detained until—
(a)the cash is forfeited under this paragraph,
(b)the notice lapses under this paragraph, or
(c)the cash is released under a power conferred by this Schedule.
(3)If no objection is made within the period for objecting specified in the notice under paragraph 5A(4)(d), and the notice has not lapsed, the cash is forfeited (subject to paragraph 5D).
(4)If an objection is made within the period for objecting, the notice lapses.
(5)If an application is made for the forfeiture of the whole or any part of the cash under paragraph 6, the notice lapses.
(6)If the cash or any part of it is released under a power conferred by this Schedule, the notice lapses or (as the case may be) lapses in relation to that part.
(7)An objection may be made by anyone (whether a recipient of the notice or not).
(8)An objection means a written objection sent to the address specified in the notice; and an objection is made when it is received at the address.
(9)An objection does not prevent forfeiture of the cash under paragraph 6.
(10)Nothing in this paragraph affects the validity of an order under paragraph 3(2).]