PROCEEDS OF CRIME ACT 1987 - SECT 34B Credits to Confiscated Assets Special Account

PROCEEDS OF CRIME ACT 1987 - SECT 34B

  (1)   There must be credited to the Confiscated Assets Special Account amounts equal to:

  (a)   proceeds of confiscated assets; and

  (b)   money paid to the Commonwealth by a foreign country, within the meaning of the Mutual Assistance Act, under a treaty or arrangement providing for mutual assistance in criminal matters; and

  (c)   money paid to the Commonwealth under a foreign pecuniary penalty order registered under section   34 of the Mutual Assistance Act; and

  (d)   money (including the proceeds of sale of any property) that is, under a direction referred to in subsection   23(2), directed to be credited to the Confiscated Assets Special Account ; and

  (e)   money deriving from the enforcement of an interstate forfeiture order registered in a Territory, other than money covered by a direction under subsection   20(3A) or 30(4A); and

  (f)   the Commonwealth's share, under the equitable sharing program, of proceeds resulting from a breach of the criminal law of a State; and

  (g)   money, other than money referred to in paragraph   ( b), paid to the Commonwealth by a foreign country in connection with assistance provided by the Commonwealth in relation to the recovery by that country of the proceeds of unlawful activity or the investigation or prosecution of unlawful activity.

  (2)   Subject to section   34E, all amounts credited to the Confiscated Assets Special Account are to be identified in accordance with the regulations as distributable funds or suspended funds.