This section applies if a designated officer receives sums on account of the amount payable under a confiscation order (whether the sums are received under section 54 or otherwise).
The designated officer's receipt of the sums reduces the amount payable under the order, but he must apply the sums received as follows.
First he must apply them in payment of such expenses incurred by a person acting as an insolvency practitioner as—
If the designated officer received the sums under section 54 or 67D he must next apply them—
If a direction was made under section 13(6) for an amount payable under a priority order (or orders) to be paid out of sums recovered under the confiscation order, the designated officer must next apply the sums in payment of that amount.
If any amount remains after the designated officer makes any payments required by the preceding provisions of this section, the amount must be treated for the purposes of section 38 of the Courts Act 2003 (application of fines etc) as if it were a fine imposed by a magistrates' court.
Subsection (4) does not apply in relation to the remuneration of a receiver if the receiver is a person falling within subsection (8).
The following fall within this subsection—
It is immaterial for the purposes of subsection (7) whether a person falls within subsection (8) by virtue of a permanent or temporary appointment or a secondment from elsewhere.
The reference in subsection (8) to an accredited financial investigator is a reference to an accredited financial investigator who falls within a description specified in an order made for the purposes of that subsection by the Secretary of State under section 453.