Summary

Amends the

to: expand the unexplained wealth regime to cover wealth that is derived or realised, directly or indirectly, from certain offences; clarify that property becomes ‘proceeds’ or an ‘instrument’ where encumbrances, securities, liabilities or improvements on the property are funded using ‘proceeds’ or an ‘instrument’ of an offence; clarify that property will only be ‘lawfully acquired’ in situations where the property or wealth is not ‘proceeds’ or an ‘instrument’ of an offence; and provide that ‘improvements’ extends to additions to, altering, repairing, restoring, structuring, restructuring or any other change to property or wealth (whether or not it results in an increase in the value of the property or wealth).