(1) This section applies to sums which are in the hands of a receiver appointed if the sums are—
(a) the proceeds of the realization of property;
(b) sums, other than the sums under paragraph (a) in which the defendant holds an interest.
(2) The sums under subsection (1) must be applied—
(a) first, to make any payments directed by the Court; and
(b) second, on the defendant's behalf towards satisfaction of the external order.
(3) Where the amount payable under the external order has been fully paid and any sums remain in the receiver's hands he or she shall distribute the sums—
(a) among such persons who held interests in the property as the Court directs; and
(b) in such proportions as the Court directs.
(4) Before making a direction under subsection (3)(a) the Court shall give persons who hold interests in the property a reasonable opportunity to make a representation to it.
(5) For the purposes of subsections (3) and (4) the property is—
(a) the property represented by the proceeds under subsection (1)(a);
(b) the sums under subsection (1)(b).
(6) The receiver applies sums under subsection (2) by paying the sums to the Director of Public Prosecutions on account of the amount payable under the order.
(Inserted by Act 18 of 2023)