Victorian Numbered Acts

CONFISCATION AMENDMENT (UNEXPLAINED WEALTH) ACT 2024 (NO. 26 OF 2024) - SECT 11

After the heading to Part 4A of the Confiscation Act 1997 insert —

" Division 1AA—Definitions

        40BA     Definitions

In this Part—

"lawfully acquired"—

        (a)     in relation to property, has the meaning given by section 40G; and

        (b)     in relation to wealth, means any of the following—

              (i)     lawfully acquired property;

              (ii)     lawfully derived benefits;

              (iii)     lawfully obtained services and advantages;

"lawfully derived", in relation to a benefit, has the meaning given by section 40GA;

"lawfully obtained", in relation to a service or an advantage, has the meaning given by section 40GB;

"wealth", of a person, means the value of—

        (a)     the property in which the person has an interest or that is otherwise subject to the effective control of the person; and

        (b)     the benefits the person derives; and

        (c)     the benefits another person derives at the direction or request of the person; and

        (d)     the services and advantages the person obtains; and

        (e)     the services and advantages another person obtains at the direction or request of the person.".