307. Protection of creditors against forfeiture.

During the six-month period beginning with the making of a forfeiture order1, neither the money to which the order applies nor the money which represents any property to which the order applies may be finally disposed of2.

Where:

  1.  

    (1)     before or after a forfeiture order is made, the commencement of an insolvency3 occurs in qualifying insolvency proceedings4;

  2.  

    (2)     an insolvency practitioner5 would, but for the forfeiture order, exercise a function in those proceedings in relation to property to which the forfeiture order applies6; and

  3.  

    (3)     he gives written7 notice to the relevant officer8 of the matters referred to in head