Summary

Gives effect to Australia’s obligations under the Council of Europe Money-Laundering Convention and other international instruments concerning the confiscation of proceeds of crime by providing for a civil forfeiture scheme, which will operate in parallel with the existing conviction-based confiscation regime, to confiscate unlawfully acquired property without first requiring a conviction. Also: enables freezing and confiscation of property used in, intended to be used in or derived from terrorism offences; strengthens provisions in relation to conviction-based confiscation; and provides for the confiscation of literary proceeds derived from the exploitation of criminal notoriety for commercial purposes.