Crimes and Other Legislation Amendment (Omnibus No. 1) Act 2024 (93 of 2024)

Schedule 1   Seizing digital assets

Part 1   Main amendments

Crimes Act 1914

1   Subsection 3C(1)

Insert:

digital asset means:

(a) a digital representation of value or rights (including rights to property), the ownership of which is evidenced cryptographically and that is held and transferred electronically by:

(i) a type of distributed ledger technology; or

(ii) another distributed cryptographically verifiable data structure; or

(b) a right or thing prescribed by the regulations;

but does not include any right or thing that, under the regulations, is taken not to be a digital asset for the purposes of this Part.

seize , for a digital asset, has a meaning affected by subsection 3FA(8).