Commonwealth Consolidated Acts

PROCEEDS OF CRIME ACT 1987 - SECT 3

  (1)   The principal objects of this Act are:

  (a)   to deprive persons of the proceeds of, and benefits derived from, the commission of offences against the laws of the Commonwealth or the Territories;

  (b)   to provide for the forfeiture of property used in or in connection with the commission of such offences; and

  (c)   to enable law enforcement authorities effectively to trace such proceeds, benefits and property.

  (2)   The objects of this Act include the objects of:

  (a)   providing for the enforcement in the Territories of forfeiture orders, pecuniary penalty orders and restraining orders made in respect of offences against the laws of the States;

  (b)   facilitating the enforcement in Australia, pursuant to the Mutual Assistance Act, of forfeiture orders, pecuniary penalty orders and restraining orders made in respect of foreign serious offences; and

  (c)   assisting foreign countries, pursuant to the Mutual Assistance Act, to trace the proceeds of, benefits derived from and property used in or in connection with the commission of foreign serious offences.