(1) For section 161 of the Proceeds of Crime Act 2002 substitute -
"161 Time for payment
(1) Unless subsection (2) applies, the full amount ordered to be paid under a confiscation order must be paid on the day on which the order is made.
(2) If the court making the confiscation order is satisfied that the defendant is unable to pay the full amount on that day, it may make an order requiring whatever cannot be paid on that day to be paid -
(a) in a specified period, or
(b) in specified periods each of which relates to a specified amount.
(3) A specified period -
(a) must start with the day on which the confiscation order is made, and
(b) must not exceed three months.
(4) If -
(a) within any specified period the defendant applies to the Crown Court for that period to be extended, and
(b) the court is satisfied that, despite having made all reasonable efforts, the defendant is unable to pay the amount to which the specified period relates within that period,
the court may make an order ex
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