The Criminal Proceeds Confiscation Act 2002 (CPCA) is Queensland’s key statute used to attack the profitability of serious and organised crime by enabling asset confiscation. Its aim is to remove financial gain, increase financial loss and heighten the risks associated with such crimes.
The CCC reviewed the CPCA to examine whether Queensland’s asset confiscation regime was still effective in the face of a contemporary organised crime environment. It looked at the schemes available under the asset confiscation regime pertaining to countering the problem of crime-derived and used assets and money laundering, and preventing individuals from accumulating criminal wealth.
The review has identified the need for significant reform of the Act. The CCC identified 7 priority areas for reform and has made 10 recommendations designed to modernise Queensland’s asset confiscation regime.
