Document ID: chunk:federal_register_of_legislation:C2025C00034:section:5
Version: federal_register_of_legislation:C2025C00034
Segment Type: section
Provision Reference: s 5
Character Range: 35350–36872

5  Principal objects
  The principal objects of this Act are:
 (a) to deprive persons of the *proceeds of offences, the *instruments of offences, and *benefits derived from offences, against the laws of the Commonwealth or the *non‑governing Territories; and
 (b) to deprive persons of *literary proceeds derived from the commercial exploitation of their notoriety from having committed offences; and
 (ba) to deprive persons of *unexplained wealth amounts that the person cannot satisfy a court were not derived or realised, directly or indirectly, from certain offences; and
 (c) to punish and deter persons from breaching laws of the Commonwealth or the non‑governing Territories; and
 (d) to prevent the reinvestment of proceeds, instruments, benefits, literary proceeds and unexplained wealth amounts in further criminal activities; and
 (da) to undermine the profitability of criminal enterprises; and
 (e) to enable law enforcement authorities effectively to trace proceeds, instruments, benefits, literary proceeds and unexplained wealth amounts; and
 (f) to give effect to Australia's obligations under the Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime, and other international agreements relating to proceeds of crime; and
 (g) to provide for confiscation orders and restraining orders made in respect of offences against the laws of the States or the *self‑governing Territories to be enforced in the other Territories.

Part 1‑3—Outline of this Act