Bill
Unexplained Wealth Legislation Amendment Bill 2018
passed, as at 2018-10-03. Home Affairs portfolio.
- Sponsor
- Not recorded
- Portfolio
- Home Affairs
Recorded stages
- introduced — 2018-06-20
- second reading — 2018-06-20
- second reading — 2018-08-21
- second reading — 2018-08-21
- third reading — 2018-08-21
- introduced — 2018-08-21
- second reading — 2018-08-21
- second reading — 2018-09-19
- second reading — 2018-09-19
- third reading — 2018-09-19
- passed — 2018-09-19
- royal assent — 2018-10-03
Divisions
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2018-06-20.
This bill would create a national scheme to confiscate assets from people linked to crime who cannot explain how they got them.
It would let Commonwealth, state and territory agencies share information and powers to investigate and seize unexplained wealth across jurisdictions.
States must refer power to the Commonwealth or adopt its laws to join the scheme, and each state decides which of its offences are covered.
- Extends Commonwealth unexplained wealth orders to territory offences and offences in participating states.
- Allows state and territory agencies to use Commonwealth information-gathering powers for unexplained wealth investigations.
- Creates new equitable sharing arrangements for recovered proceeds among law enforcement entities.
- Amends the Telecommunications (Interception and Access) Act 1979 to let agencies use intercepted information in unexplained wealth cases.
- Sets out a two-step referral process for states joining before the bill is enacted.
- Provides a process for states joining after enactment by adopting the amended Proceeds of Crime Act.
Law enforcement agencies in the Commonwealth, states and territories, and people linked to criminal activity who hold unexplained wealth.
Sources
em
em supp
billhome
frl act