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Monday, 3 November 2003
Page: 21890


Mr McClelland asked the Minister representing the Minister for Justice and Customs, upon notice, on 9 September 2003:

(1) What is the actual or estimated revenue from the Proceeds of Crime Act 2002 in each financial year from 2002-2003 to 2006-2007?

(2) To what programs or initiatives has this revenue been committed and how much has been committed to each such program or initiative in each financial year?


Mr Ruddock (Attorney-General) —The Minister for Justice and Customs has provided the following answer to the honourable member's question:

(1) The Insolvency and Trustee Service Australia (ITSA), the Official Trustee, advises that the final balance of the Confiscated Assets Account (CAA) was $161,605.64 for the financial year 2002-2003. The 2003-04 Portfolio Budget Statements for the Attorney-General's Portfolio estimate $5 million in revenue from assets confiscated under the Proceeds of Crime Act 2002. (Estimates of revenue over future financial years will be based upon final outcomes for the 2003-04 financial year.) As at 31 August 2003, the balance of the CAA was $714,284.16.

(2) Section 298 of the 2002 Act provides that the Minister may approve a program of expenditure for one or more of the following purposes: crime prevention measures; law enforcement measures; measures relating to treatment of drug addiction; and diversionary measures relating to the illegal use of drugs. To date no revenue has been committed to programs or initiatives.