79Crime (Confiscation of Profits) Account

79 Crime (Confiscation of Profits) Account

(1)  In this section –

account means the Crime (Confiscation of Profits) Account established under subsection (2) ;

equitable sharing arrangement means an arrangement under which either or both of the following happen:

(a) [Section 79 Subsection (1) amended by No. 60 of 2013, s. 11, Applied:01 Mar 2014] this State pays to another State or the Commonwealth a proportion of the proceeds of any unlawful activity recovered by this State under this Act by reason of a contribution made by that other State or the Commonwealth, as the case may be, to the recovery of those proceeds or to the investigation or prosecution of that unlawful activity;

(b) another State or the Commonwealth pays to this State a proportion of the proceeds of any unlawful activity recovered by that other State or the Commonwealth, as the case may be, by reason of a contribution made by this State to the recovery of those proceeds or to the investigation or prosecution of that unlawful activity.

(2)  [Section 79 Subsection (2) amended by No. 4 of 2017, Sched. 1, Applied:01 Jul 2019] There is to be established in the Public Account an account to be called the Crime (Confiscation of Profits) Account.

(3)  Subject to subsection (4) , there is to be paid into the account –

(a) all money that vests contingently in the State under this Act; and

(b) all money recovered by the State under this Act; and

(c) all money received by the State under the equitable sharing arrangement.

(4)  The Treasurer may, after consulting the Attorney-General, direct that any money recovered by the State under this Act is to be dealt with otherwise than in accordance with subsection (3) if that money –

(a) is in the form of coins or banknotes that have historical, numismatic or other special significance; or