[303Z11 Lapse of account forfeiture notice]

[303Z11  Lapse of account forfeiture notice]

[(1)     An account forfeiture notice lapses if—

(a)     an objection is made within the period for objecting specified in the notice under section 303Z9(4)(c),

(b)     an application is made under section 303Z14 for the forfeiture of money held in the frozen account, or

(c)     an order is made under section 303Z4 setting aside the relevant account freezing order.

(2)     If an account forfeiture notice lapses under subsection (1)(a), the relevant account freezing order ceases to have effect at the end of the period of 48 hours starting with the making of the objection (“the 48-hour period”).

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