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Bills of the current Parliament

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Unexplained Wealth Legislation Amendment Bill 2018


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Home Affairs

Summary

Gives effect to the National Cooperative Scheme on Unexplained Wealth by amending the: Proceeds of Crime Act 2002 to: extend the scope of Commonwealth unexplained wealth restraining orders and unexplained wealth orders to territory and state offences; enable state and territory law enforcement entities to apply for production orders and issue notices to financial institutions; ensure the continued operation of state and territory confiscation regimes; provide for the equitable sharing of recovered proceeds between Commonwealth, state, territory and foreign law enforcement entities; and provide for a review after the fourth anniversary of the commencement of the national scheme; Telecommunications (Interception and Access) Act 1979 to facilitate information-sharing in relation to unexplained wealth investigations and proceedings between Commonwealth, territory and state law enforcement agencies; and Proceeds of Crime Regulations 2002 to clarify that the definition of ‘unexplained wealth legislation’ extends to particular provisions of the Criminal Assets Recovery Act 1990 (NSW) and the Criminal Property Forfeiture Act (NT).

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 20/06/18  
Second reading moved 20/06/18  
Second reading debate 21/08/18  
Second reading agreed to 21/08/18  
Third reading agreed to 21/08/18  
     
Senate
Introduced and read a first time 21/08/18  
Second reading moved 21/08/18  
Second reading debate 19/09/18  
Second reading agreed to 19/09/18  
Third reading agreed to 19/09/18  
     
Finally passed both Houses 19/09/18  
Assent 03/10/18 Act no: 126 - Year: 2018
     

Text of bill

  • First reading

MS-Word PDF HTML
  • As passed by both Houses

MS-Word PDF HTML

Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML
  • Addendum to explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

Bills Digest



Notes
  • Considered by scrutiny committee (27/06/2018): Senate Standing Committee for the Scrutiny of Bills; Scrutiny Digest 8 of 2018
  • Referred to Committee (28/06/2018): Senate Legal and Constitutional Affairs Legislation Committee; Committee report (06/08/2018)
  • Considered by scrutiny committee (14/08/2018): Parliamentary Joint Committee on Human Rights; Report 13 of 2018
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)