Property Management Act

Nothing in paragraph (2)(c) affects the operation of the Seized Property Management Act.

Seized Property Working Capital Account This account was established by section 12 of the Seized Property Management Act.

Those sections of the Act amend the Canada Post Corporation Act and the Seized Property Management Act.

• For further information History The Seized Property Management Act (SPMA) came into effect on September 1, 1993.

Seized property—Cash This account was established pursuant to the Seized Property Management Act, to record seized cash and proceeds from the interlocutory sale of seized assets.

Effective September 1st, 1993, the responsibility for the disposal of seized assets was transferred to Public Works and Government Services Canada under the Seized Property Management Act.

If the currency or monetary instruments are sold pursuant to the Seized Property Management Act, their value at the time of seizure will be returned to the person who requested the decision (s.

Seized Property Management Act proclaimed. Offences of possession and laundering of the proceeds of certain crimes were added to the Customs Act and Excise Act.

Seized Property Proceeds Account (SPPA) was set up under the Seized Property Management Act (SPMA) in 1993.

The Seized Property Working Capital Account was established by Section 12 of the Seized Property Management Act . The total amount authorized to be outstanding at any time is $50 million.

They are intended to allow for the funds, generated from the proceeds of the disposal of property seized under the Seized Property Management Act, to be credited to the newly created Seized Property, non-Tax Revenue Account.

The amendment will also serve to modify the definition "property" in section 2 of the Regulations to reflect that any property means property forfeited to Her Majesty pursuant to a provision referred to in section 10 of the Seized Property Management Act.

Seized Property Management Directorate (SPMD) Under the authority of the Seized Property Management Act the directorate provides pre-seizure financial and logistic support advice to Canadian police forces who seize assets from drug, alcohol and tobacco smugglers.

One respondent suggested that in a contract policing jurisdiction, where provincial and municipal RCMP or other municipal police resources have been engaged, an equitable share of forfeited currency should accrue to the Province consistent with the provisions of the Seized Property Management Act and Regulations.

Section 16 of the Act provides, that at prescribed times, all amounts credited to the Seized Property Proceeds Account that are not shared pursuant to sections 10 and 11 of the Seized Property Management Act shall be credited to such account in the accounts of Canada as is prescribed.

The State Property Management Act regulates the Office for State Asset Management (DUUDI), which is responsible for all SOEs and their activities in sectors as diverse as railways, electricity, shipbuilding and tourism.