Explain your wealth or lose it

  • twincam88b
    twincam88b
    15 years ago

    Atkinson is at it again.......more distraction from the real issues.

    CRIMINALS will have to explain "unexplained wealth" or have it confiscated under new laws to be introduced to Parliament later today.

     

    Attorney-General Michael Atkinson said the legislation would target members of serious organised criminal gangs by forcing them to explain the source of specified assets suspected of being acquired through illegal means.

    Under current state law, only assets actually used in a crime or are the proceeds of a crime can be confiscated.

    Mr Atkinson said the new laws were based on similar laws already operating successfully in WA, the NT and NSW.

    He said criminals would not be able to escape the effects of the laws by disposing of any assets police suspected of being gained from illegal activity.

    "If they dispose of the assets, they will then have to pay the equivalent in cash," he said.

    Opposition Leader Isobel Redmond said the Liberals had been considering this issue for some time and was likely to support the legislation.

    She said however, that support would depend on a study of the legislation once it was introduced.

    "After all, declarations and crime orders are one thing, but if you actually take someone's Harley I think that might sit up and take notice," Ms Redmond said.

    http://www.news.com.au/adelaidenow/story/0,22606,25790872-5006301,00.html

  • FLSTC
    FLSTC
    15 years ago
    excellent idea ! hopefully , we will see some extra revenues coming in to go towards needy projects .
  • Soapbox2627
    Soapbox2627
    15 years ago
    I had a good day at the track, no proof either way
  • Magilla
    Magilla
    15 years ago

    This is how they dealt with a couple of "clubs" up here in the Territory a while back

    Been in for a few years up here

  • xplode_films
    xplode_films
    15 years ago
    At this time and point, I'd like to say the Government is a bunch of criminals too, but then again, we all know where they get their money from.
  • xplode_films
    xplode_films
    15 years ago
    PPSSTTT....I forgot to ask. Does anyone want to buy a highway or telephone company? LOL
  • MADOGA
    MADOGA
    15 years ago
    Criminals? what about the real crims working in offices and wearing suits , will they have to explain unexplained wealth?
    or will it be ok to use dodgy shelf companys to hide the money