Section 114B — Bankruptcy Act 1966: The effect of applications for proceeds of crime orders

(1) If: (a) an application is made under a proceeds of crime law for a restraining order or a forfeiture order; and (b) if the order were made, it would cover property of a bankrupt (whether the application is made before, on or after the date of the bankruptcy); proceeds of any of the property of the bankrupt that would be covered by the order must not be applied under Subdivision A before the application is finally determined. (2) If: (a) an application is made under a proceeds of crime law for a pecuniary penalty order; and (b) the person against whom the order would be made is, or later becomes, a bankrupt; proceeds of any of the property of the bankrupt must not be applied under Subdivision A before the application is finally determined.