Section 50: Gifts made by a convicted person.

1 For the purposes of this Act, a convicted person shall be deemed to have made a gift, where he has transferred any property to any other person directly or indirectly for a consideration, the value of which is significantly less than the value of the consideration supplied by the convicted person.

2 For the purposes of this Act, the gift which a convicted person is deemed to have made shall consist of that share in the property transferred by the convicted person that is equal to the difference between the value of that property as a whole and the consideration received by the convicted person in return.

3 For the purpose of this Part, “affected gift” means any gift made by the convicted person concerned, where it was a gift of property—
a received by that convicted person in connection with an offence committed, or
b any part which directly or indirectly represented in that convicted person’s hands property received by him in connection with an offence committed by him or any other person, whether the gift was made before or after the commencement of this Act.