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Proceeds of Crime Amendment (Proceeds and Other Matters) Bill 2017

Originating house
House of Representatives


Amends the Proceeds of Crime Act 2002 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).

Progress of bill

For committee reference information, please see the Notes section at the end of this page.

House of Representatives
Introduced and read a first time 18/10/17  
Second reading moved 18/10/17  
Second reading debate 14/02/18  
Referred to Federation Chamber 14/02/18  
Second reading debate 15/02/18  
Second reading agreed to 15/02/18  
Reported from Federation Chamber 15/02/18  
Third reading agreed to 15/02/18  
Introduced and read a first time 15/02/18  
Second reading moved 15/02/18  
Second reading debate 22/03/18  
Second reading agreed to 22/03/18  
Third reading agreed to 22/03/18  
Finally passed both Houses 22/03/18  
Assent 28/03/18 Act no: 21 - Year: 2018

Text of bill

  • First reading

  • As passed by both Houses


Explanatory memoranda

  • Explanatory memorandum


Second reading speeches

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

Bills Digest

  • Considered by scrutiny committee (15/11/2017): Senate Standing Committee for the Scrutiny of Bills; Scrutiny Digest 13 of 2017
  • Referred to Committee (16/11/2017): Senate Legal and Constitutional Affairs Legislation Committee; Committee report (07/02/2018)
  • Considered by scrutiny committee (28/11/2017): Parliamentary Joint Committee on Human Rights; Report 1 of 2018
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)