Proceeds of Crime Act 2002

CHAPTER 4 - ADMINISTRATION  

PART 4-3 - CONFISCATED ASSETS ACCOUNT  

Division 2 - The national cooperative scheme on unexplained wealth  

SECTION 297A   The scheme  

297A(1)    
The national cooperative scheme on unexplained wealth is a scheme under which any or all of the following happen:

(a) the Commonwealth shares with a foreign country, in accordance with section 297B , any *proceeds of confiscated assets that are shareable (within the meaning of the *NCSUW agreement);

(b) the Commonwealth shares with a State or *self-governing Territory, in accordance with section 297C , any proceeds of confiscated assets that are shareable (within the meaning of the NCSUW agreement);

(c) a *participating State, *cooperating State or self-governing Territory shares with the Commonwealth, in accordance with a law of the State or Territory, any corresponding proceeds of the State or Territory (within the meaning of the NCSUW agreement) that are shareable (within the meaning of that agreement);

(d) a *non-participating State (other than a cooperating State) shares with the Commonwealth any corresponding proceeds of the State (within the meaning of the NCSUW agreement) that are shareable (within the meaning of that agreement).

297A(2)    
The NCSUW agreement is the Intergovernmental Agreement on the National Cooperative Scheme on Unexplained Wealth, as in force from time to time.