Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

PROCEEDS OF CRIME ACT 2002 - SECT 296

Credits to the Account

  (1)   There must be credited to the * Confiscated Assets Account amounts equal to:

  (a)   * proceeds of confiscated assets; and

  (aa)   input tax credits:

  (i)   to which the * Official Trustee is entitled; and

  (ii)   that are in connection with disposals under section   70 or 100; and

  (b)   money paid to the Commonwealth by a foreign country, within the meaning of the * Mutual Assistance Act, under a treaty or arrangement providing for mutual assistance in criminal matters; and

  (c)   money paid to the Commonwealth under a * foreign pecuniary penalty order registered under section   34 of the Mutual Assistance Act; and

  (d)   money deriving from the enforcement of an * interstate forfeiture order registered in a * non - governing Territory, other than money covered by a direction under subsection   70(2) or 100(2); and

  (e)   amounts paid to the Commonwealth by a State or * self - governing Territory under the * equitable sharing program; and

  (ea)   amounts paid to the Commonwealth by a State or self - governing Territory under the * national cooperative scheme on unexplained wealth; and

  (f)   money, other than money referred to in paragraph   (b), paid to the Commonwealth by a foreign country in connection with assistance provided by the Commonwealth in relation to the recovery by that country of the proceeds of * unlawful activity or the investigation or prosecution of unlawful activity; and

  (g)   money paid to the Commonwealth under subsection   293(3), and any amounts recovered by the Commonwealth as a result of executing a charge created under section   302A; and

  (gb)   money (other than a penalty) that is paid by a person to the Commonwealth (directly or indirectly) under, or in connection with, a * foreign deferred prosecution agreement, and that represents any or all of the following:

  (i)   the whole or a part of * benefits the person derived from alleged * unlawful activity;

  (ii)   the whole or a part of property that is wholly or partly derived or realised by the person, directly or indirectly, from alleged unlawful activity;

  (iii)   the whole or a part of property that is used in, or in connection with, the commission of alleged unlawful activity;

  (iv)   the whole or a part of property that is intended to be used in, or in connection with, the commission of alleged unlawful activity; and

  (h)   the remainder of the money referred to in paragraph   35G(1)(b) of the * Mutual Assistance Act; and

  (i)   the remainder of the proceeds referred to in paragraph   35G(2)(c) of the Mutual Assistance Act; and

  (j)   the remainder of the proceeds referred to in paragraph   9A(c) of the Crimes Act 1914 ; and

  (k)   the money referred to in paragraph   208DA(3)(a) of the Customs Act 1901 ; and

  (l)   the remainder of the proceeds referred to in subparagraph   208DA(3)(b)(iii) of the Customs Act 1901 ; and

  (m)   the amount referred to in subsection   243B(4) of the Customs Act 1901 ; and

  (n)   the remainder of the money referred to in paragraph   243G(6)(a) of the Customs Act 1901 ; and

  (o)   the remainder of the proceeds referred to in subparagraph   243G(6)(b)(iii) of the Customs Act 1901 .

  (3)   The following are proceeds of confiscated assets :

  (a)   the remainder of the money and amounts referred to in paragraph   70(1)(c);

  (b)   the amount referred to in paragraph   89(1)(c) or 90(1)(f);

  (c)   the remainder of the money and amounts referred to in paragraph   100(1)(c);

  (d)   the amount referred to in paragraph   105(1)(c) or 106(1)(f);

  (e)   the amount referred to in subsection   140(1), to the extent it has been paid to the Commonwealth;

  (f)   the amount referred to in subsection   167(1), to the extent it has been paid to the Commonwealth;

  (fa)   the amount referred to in subsection   179R(1), to the extent it has been paid to the Commonwealth;

  (g)   the remainder of the money and amounts referred to in paragraph   284(1)(c);

  (h)   the amount referred to in paragraph   284(2)(a);

  (i)   amounts paid to the Commonwealth in settlement of proceedings connected with this Act.

  (4)   The equitable sharing program is an arrangement under which any or all of the following happen:

  (a)   the Commonwealth shares with a participating State or * self - governing Territory a proportion of any * proceeds of any * unlawful activity (other than * proceeds of confiscated assets that are shareable (within the meaning of the * NCSUW agreement)) recovered under a Commonwealth law, if, in the Minister's opinion, that State or Territory has made a significant contribution to the recovery of those proceeds or to the investigation or prosecution of the relevant unlawful activity;

  (b)   each participating State or Territory shares with the Commonwealth any proceeds resulting from a breach of the criminal law of that State or Territory if, in the opinion of the appropriate Minister of that State or Territory, officers of an * enforcement agency have made a significant contribution to the recovery of those proceeds;

  (c)   the Commonwealth shares with a foreign country a proportion of any proceeds of any unlawful activity (other than proceeds of confiscated assets that are shareable (within the meaning of the NCSUW agreement)) recovered under a Commonwealth law if, in the Minister's opinion, the foreign country has made a significant contribution to the recovery of those proceeds or to the investigation or prosecution of the unlawful activity.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback