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Confiscation Act 1997
Part 4AUnexplained wealth
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Part 4A—Unexplained wealth
Pt 4A Div. 1AA (Heading and s. 40BA) inserted by No. 26/2024 s. 11.
Division 1AA—Definitions
S. 40BA inserted by No. 26/2024 s. 11.
40BA Definitions
***lawfully acquired***—
(a) in relation to property, has the meaning given by section 40G; and
(b) in relation to wealth, means any of the following—
(i) lawfully acquired property;
(ii) lawfully derived benefits;
(iii) lawfully obtained services and advantages;
***lawfully derived***, in relation to a benefit, has the meaning given by section 40GA;
***lawfully obtained***, in relation to a service or an advantage, has the meaning given by section 40GB;
***wealth***, of a person, means the value of—
(a) the property in which the person has an interest or that is otherwise subject to the effective control of the person; and
(b) the benefits the person derives; and
(c) the benefits another person derives at the direction or request of the person; and
(d) the services and advantages the person obtains; and
(e) the services and advantages another person obtains at the direction or request of the person.
Division 1—Unexplained wealth restraining orders
S. 40C inserted by No. 79/2014 s. 16.