South Australian Numbered Acts

SERIOUS AND ORGANISED CRIME (UNEXPLAINED WEALTH) ACT 2009 (NO 60 OF 2009) - SECT 8

8—Determining the value of property and benefits

The following provisions apply when determining the value of any property or benefits for the purposes of this Part:

            (a)         the value of any property or benefit that has been disposed of, used, consumed or is for any other reason no longer available will be taken to be—

                  (i)         the value of the property or benefit at the time it was acquired; or

                  (ii)         the value of the property or benefit immediately before it was disposed of, used, consumed or otherwise ceased to be available,

whichever is the higher;

            (b)         the value of any other property or benefit will be taken to be—

                  (i)         the value of the property or benefit at the time it was acquired; or

                  (ii)         the value of the property or benefit on the day that the application for an unexplained wealth order was made,

whichever is the higher.