20 Oct 2005
THE SOLICITOR GENERAL OF NEW ZEALAND V BELL AND ANOR HC TAU CIV 2004-470-000187
- Citation
- openlaw-b069da03_dc91_47aa_935a_c88f8ed718e1.pdf
- Court
- High Court
The Court found insufficient basis to forfeit the first respondent's interest in 207C Peers Road and dismissed that part of the application. The Court concluded that the land at 158 Peers Road was forfeitable under the Proceeds of Crime Act 1991, directed the Official Assignee to take control and sell the property under ss 15 and 54, ordered payment of the registered mortgagee from sale proceeds, and declared Bell Orchids Limited's interest to be a bare licence with no compensable value; current valuation fixed at $350,000.