This section applies if a forfeiture notice is given in respect of any cash.
The cash is to be detained until—
If no objection is made within the period for objecting, and the notice has not lapsed, the cash is forfeited (subject to section 297E).
If an objection is made within the period for objecting, the notice lapses.
If an application is made for the forfeiture of the whole or any part of the cash under section 298, the notice lapses.
If the cash or any part of it is released under a power conferred by this Chapter, the notice lapses or (as the case may be) lapses in relation to that part.
An objection may be made by anyone, whether a recipient of the notice or not.
An objection means a written objection sent to the address specified in the notice; and an objection is made when it is received at the address.
An objection does not prevent forfeiture of the cash under section 298.
Nothing in this section affects the validity of an order under section 295(2).