Victorian Numbered Acts

CONFISCATION AMENDMENT (UNEXPLAINED WEALTH) ACT 2024 (NO. 26 OF 2024) - SECT 7

For section 31D(1B) of the Confiscation Act 1997 substitute —

    "(1B)     An investigative officer may apply to the Magistrates' Court for a freezing order in respect of an account if—

        (a)     the applicant suspects on reasonable grounds that     the person in whose name the account is held or a person who has an interest in the account—

              (i)     has engaged in serious criminal activity; or

              (ii)     has an interest in property that was not lawfully acquired; or

              (iii)     has wealth that exceeds the person's lawfully acquired wealth; and

        (b)     an application for an unexplained wealth restraining order is likely to be made in respect of money held in, or a digital asset associated with, that account.".