28 Feb 2022
COMMISSIONER OF POLICE v FARRELL [2022] NZHC 310
- Citation
- [2022] NZHC 310
- Court
- High Court
Given the probable depreciation of the BMW over the estimated period (at least 18 months) until forfeiture proceedings are resolved, the absence of evidence that the vehicle has special value that would prevent depreciation, and the ongoing costs of storage, maintenance and insurance, a sale order under s35 was necessary to preserve its value; accordingly the Official Assignee was ordered to sell and hold net proceeds.