Australian Capital Territory Current Acts

CONFISCATION OF CRIMINAL ASSETS ACT 2003 - SECT 127A

In this part:

"corresponding proceeds", of a State or the Territory—see the NCSUW agreement.

Note     State includes the Northern Territory (see Legislation Act

, dict).

"national cooperative scheme" means the national cooperative scheme on unexplained wealth.

"national cooperative scheme" on unexplained wealth means a scheme under which any or all of the following happen:

        (a)     the Territory shares with the Commonwealth or a State, in accordance with division 10.3 (National cooperative scheme on unexplained wealth), any corresponding proceeds of the Territory that are shareable;

        (b)     the Commonwealth shares with the Territory, in accordance with a law of the Commonwealth, any proceeds of confiscated assets that are shareable;

        (c)     a State shares with the Territory, in accordance with a law of the State, any corresponding proceeds of the State that are shareable.

"NCSUW agreement" means the Intergovernmental Agreement on the National Cooperative Scheme on Unexplained Wealth, entered into by the Australian Capital Territory on 6 December 2018, as in force from time to time.

"proceeds of confiscated assets"—see the Proceeds of Crime Act 2002

(Cwlth), section 296 (3).

"shareable", in relation to proceeds of confiscated assets or corresponding proceeds under the national cooperative scheme—see the NCSUW agreement.