Section 412A Power to vary monetary amountsF1

United Kingdom

(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).

Annotations

Textual amendments

F1: Words in s. 412A inserted (27.4.2017 for specified purposes, 31.1.2018 for E.W.S. in so far as not already in force, 28.6.2021 for N.I. in so far as not already in force) by Criminal Finances Act 2017 (c. 22), s. 58(5)(6), Sch. 5 para. 74; S.I. 2018/78, reg. 5(1)(e); S.I. 2021/724, reg. 4(i)

Notes on Chapter 4

Textual amendments

F1: Words in Pt. 8 Ch. 4 title inserted (27.4.2017 for specified purposes, 31.1.2018 for E.W.S. in so far as not already in force, 28.6.2021 for N.I. in so far as not already in force) by Criminal Finances Act 2017 (c. 22), s. 58(5)(6), Sch. 5 para. 73; S.I. 2018/78, reg. 5(1)(e); S.I. 2021/724, reg. 4(i)

Modifications

C1: Pt. 8 Ch. 4: power to modify conferred (20.3.2015) by Crime and Courts Act 2013 (c. 22), ss. 47, 61(2); S.I. 2015/813, art. 2(b)