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Section 11B - Confiscation of Criminal Assets Act 2003 - Meaning of wealth — Zoe

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Confiscation of Criminal Assets Act 2003

11BMeaning of wealth

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11B Meaning of wealth wealth, of a person— (a) means property that is or at any time was— (i) owned by the person; or (ii) under the effective control of the person; or (iii) expended, consumed or disposed of by the person; and Examples—property disposed of by the person 1 property sold or traded 2 property transferred as a gift 3 money spent (b) includes property owned, effectively controlled, expended, consumed or disposed of by the person before the commencement of this section and whether in or outside the ACT.

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