3 Jul 2019
COMMISSIONER OF POLICE v MILOSEVIC [2019] NZHC 1554
- Citation
- [2019] NZHC 1554
- Court
- High Court
For each asset (other than the AC Cobra) the court ordered sale under s 34 because the combination of likely depreciation and significant storage/holding costs during an extended period before forfeiture resolution outweighed respondents' asserted interests; ownership disputes do not preclude sale because proceeds remain restrained and can be adjudicated later; the Cobra was excepted because evidence suggested it might retain or gain value and is relatively uncommon so storage costs did not justify sale.