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Confiscation of Criminal Assets Act 2003
127ADefinitions—pt 10
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127A Definitions—pt 10
corresponding proceeds, of a State or the Territory—see the
NCSUW agreement.
Note State includes the Northern Territory (see Legislation Act, dict).
national cooperative scheme means the national cooperative scheme
on unexplained wealth.
national cooperative scheme on unexplained wealth means a
scheme under which any or all of the following happen:
(a) the Territory shares with the Commonwealth or a State, in
accordance with division 10.3 (National cooperative scheme on
unexplained wealth), any corresponding proceeds of the
Territory that are shareable;
(b) the Commonwealth shares with the Territory, in accordance
with a law of the Commonwealth, any proceeds of confiscated
assets that are shareable;
(c) a State shares with the Territory, in accordance with a law of the
State, any corresponding proceeds of the State that are
shareable.
NCSUW agreement means the Intergovernmental Agreement on the
National Cooperative Scheme on Unexplained Wealth, entered into
by the Australian Capital Territory on 6 December 2018, as in force
from time to time.
proceeds of confiscated assets—see the Proceeds of Crime Act 2002
(Cwlth), section 296 (3).
shareable, in relation to proceeds of confiscated assets or
corresponding proceeds under the national cooperative scheme—see
the NCSUW agreement.