Paragraph 74 I1I2I3

Before section 413 (in Chapter 4 of Part 8), insert—

“Power to vary monetary amounts

412A

(1)

In order to take account of changes in the value of money, the Secretary of State may by regulations substitute another sum for the sum for the time being specified in—

(a)

section 362B(2)(b) (minimum value of property for purposes of making unexplained wealth order in England and Wales or Northern Ireland), and

(b)

section 396B(2)(b) (minimum value of property for purposes of making unexplained wealth order in Scotland).

(2)

The Secretary of State must consult the Department of Justice in Northern Ireland and the Scottish Ministers before making regulations under subsection (1).”