Australian Capital Territory Current Acts

CONFISCATION OF CRIMINAL ASSETS ACT 2003 - SECT 11A

    (1)     In this Act:

"total wealth", of a person to whom a proceeding for an unexplained wealth order relates, is the sum of all of the values of the person's wealth.

    (2)     In deciding the values of a person's wealth—

        (a)     the value of property expended, consumed, disposed of, or for any other reason no longer available is the greater of—

              (i)     the value of the property at the time it was acquired; and

              (ii)     the value of the property immediately before expended, consumed, disposed of, or becoming unavailable; and

        (b)     the value of any other property is the greater of—

              (i)     the value of the property at the time it was acquired; and

              (ii)     the value of the property on the day that the application for the unexplained wealth order was made.