303J(1)  A relevant officer may seize any item of property if the relevant officer has reasonable grounds for suspecting that–

(a)it is a listed asset,

(b)it is recoverable property or intended by any person for use in unlawful conduct, and

(c)the value of it is not less than the minimum value.

303J(2)  A relevant officer may also seize any item of property if–

(a)the relevant officer has reasonable grounds for suspecting the item to be a listed asset,

(b)the relevant officer has reasonable grounds for suspecting that part of the item is recoverable property or intended by any person for use in unlawful conduct,

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