📜 Criminal Property Confiscation Bill 2000
Legislative Assembly Second ReadingLA29 June 2000
The Criminal Property Confiscation Bill 2000 allows the state to confiscate property linked to criminal activity, including unexplained wealth, criminal benefits, and property used in crime. It outlines procedures for identifying, freezing, and recovering confiscable property, as well as managing seized assets.
Impact
This bill affects individuals and entities involved in criminal activities, as well as financial institutions and property owners. It aims to deter crime by removing the financial incentives and tools associated with it, impacting law enforcement and the justice system.
Key Changes
["Introduces unexplained wealth declarations", "Allows for confiscation of drug trafficker's property", "Establishes procedures for freezing and seizing assets"]
Parliamentary Progress
- LA IntroducedLA29 June 2000
- LA Second Reading MovedLA29 June 2000
Affected Sectors
financejusticepublic_sector
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