Unexplained Wealth Legislation Amendment Bill 2018

Home Affairs
Originating house
House of Representatives
Parliament no

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Gives effect to the National Cooperative Scheme on Unexplained Wealth by amending the: Proceeds of Crime Act 2002 to: extend the scope of Commonwealth unexplained wealth restraining orders and unexplained wealth orders to territory and state offences; enable state and territory law enforcement entities to apply for production orders and issue notices to financial institutions; ensure the continued operation of state and territory confiscation regimes; provide for the equitable sharing of recovered proceeds between Commonwealth, state, territory and foreign law enforcement entities; and provide for a review after the fourth anniversary of the commencement of the national scheme; Telecommunications (Interception and Access) Act 1979 to facilitate information-sharing in relation to unexplained wealth investigations and proceedings between Commonwealth, territory and state law enforcement agencies; and Proceeds of Crime Regulations 2002 to clarify that the definition of ‘unexplained wealth legislation’ extends to particular provisions of the Criminal Assets Recovery Act 1990 (NSW) and the Criminal Property Forfeiture Act (NT).


House of Representatives
Introduced and read a first time 20 Jun 2018
Second reading moved 20 Jun 2018
Second reading debate 21 Aug 2018
Second reading agreed to 21 Aug 2018
Third reading agreed to 21 Aug 2018
Introduced and read a first time 21 Aug 2018
Second reading moved 21 Aug 2018
Second reading debate 19 Sep 2018
Second reading agreed to 19 Sep 2018
Third reading agreed to 19 Sep 2018
Finally passed both Houses 19 Sep 2018
  • Act no: 126
  • Year: 2018
03 Oct 2018

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest


Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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