29 Oct 2010
THE SOLICITOR GENERAL OF NEW ZEALAND V MICHAEL ANDREW SWANN AND ORS HC DUN CIV-2009-412-000213
- Citation
- openlaw-9f5515ba_7980_48b2_933b_8c90e750ad22.pdf
- Court
- High Court
Leave to dispose of forfeited property prior to expiry of the appeal period under s16(4)(a) is warranted where holding costs and the wasting nature of assets would otherwise cause loss of value; such leave is appropriately conditional on safeguards including holding sale proceeds in an interest‑bearing account pending final disposition of the appeal and oversight of disposals by the Official Assignee with Ministerial approval.