Proceeds of Crime Act 2002

CHAPTER 1 - INTRODUCTION  

PART 1-2 - OBJECTS  

SECTION 5  

5   Principal objects  
The principal objects of this Act are:

(a) to deprive persons of the * proceeds of offences, the * instruments of offences, and * benefits derived from offences, against the laws of the Commonwealth or the * non-governing Territories; and

(b) to deprive persons of * literary proceeds derived from the commercial exploitation of their notoriety from having committed offences; and

(ba) to deprive persons of *unexplained wealth amounts that the person cannot satisfy a court were not derived or realised, directly or indirectly, from certain offences; and

(c) to punish and deter persons from breaching laws of the Commonwealth or the non-governing Territories; and

(d) to prevent the reinvestment of proceeds, instruments, benefits, literary proceeds and unexplained wealth amounts in further criminal activities; and

(da) to undermine the profitability of criminal enterprises; and

(e) to enable law enforcement authorities effectively to trace proceeds, instruments, benefits, literary proceeds and unexplained wealth amounts; and

(f) to give effect to Australia ' s obligations under the Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime, and other international agreements relating to proceeds of crime; and

(g) to provide for confiscation orders and restraining orders made in respect of offences against the laws of the States or the * self-governing Territories to be enforced in the other Territories.