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Crime Proceeds—Seizures

Wednesday 24 November 2010 Hansard source (external site)

Goudie4. SANDRA GOUDIE (National—Coromandel) Link to this
to the Minister of Police

What reports has she received on the Government’s efforts to confiscate the proceeds of crime?

CollinsHon JUDITH COLLINS (Minister of Police) Link to this

I am very pleased to report that since the Criminal Proceeds (Recovery) Act came into force last December, the police asset recovery unit has investigated 201 cases. That has resulted in an estimated $34.6 million worth of assets being made subject to restraining orders under the Act. Those assets are now in the hands of the official assignee, awaiting further legal orders, with the objective of confiscation. The assets involved in those cases include $6 million in cash and bank accounts; 36 residential and commercial properties worth an estimated $15.8 million; eight farms, orchards, and lifestyle blocks worth an estimated $10.5 million; 44 cars, vans, and four-wheel drives worth an estimated $852,000; and 24 motorcycles worth an estimated $423,000.

GoudieSandra Goudie Link to this

How are the funds gained from confiscated assets likely to be used?

CollinsHon JUDITH COLLINS Link to this

The Government is planning to put the money to good use. Police are working with other agencies on plans to expand alcohol and drug treatment and extra law enforcement initiatives to fight organised crime groups.

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