What are proceeds of crime?
- Proceeds of crime include property that is acquired whether directly or indirectly as a consequence of a crime being carried out. Confiscation laws extend to property that is partly acquired as the result of a crime.
- Asset confiscation laws put the onus on you to prove your property was obtained lawfully. In some states and territories police do not have to obtain a conviction before confiscating the property.
- Proceeds of crime laws also require the recipient of a gift to show that the giver obtained it legally. This is to stop people evading asset seizure laws by passing wealth to their family friends or associates.
Read some more FAQS from our Proceeds of Crime section