Proceeds of Crime Act 2002

Schedule 2 - Transitional, application and saving provisions relating to the national cooperative scheme on unexplained wealth  

Note:

See section 14N .

PART 2 - UNEXPLAINED WEALTH LEGISLATION AMENDMENT ACT 2018  

SECTION 8   Amendments made by Schedule 4 to the amending Act  

8(1)    
Part 1 of Schedule 1 , as inserted by Schedule 4 to the amending Act, applies in relation to *production orders applied for after commencement in relation to a document, whether or not:

(a) the document is created before or after commencement; or

(b) the document relates to property that is acquired before or after commencement; or

(c) the document relates to property that is derived or realised, directly or indirectly, before or after commencement; or

(d) the document relates to property that becomes subject to the *effective control of a person before or after commencement; or

(e) the document relates to the transfer of property before or after commencement; or

(f) the document is relevant for the purposes of:

(i) determining whether to take action under the *unexplained wealth legislation of a *participating State or *self-governing Territory in relation to a matter occurring before or after commencement; or

(ii) proceedings under the unexplained wealth legislation of a participating State or self-governing Territory instituted before or after commencement.

8(2)    
Part 2 of Schedule 1 , as inserted by Schedule 4 to the amending Act, applies in relation to notices to *financial institutions given after commencement in relation to information or a document, whether or not:

(a) the information is obtained or the document is created before or after commencement; or

(b) the information or document relates to property that is acquired before or after commencement; or

(c) the information or document relates to property that is derived or realised, directly or indirectly, before or after commencement; or

(d) the information or document relates to property that becomes subject to the *effective control of a person before or after commencement; or

(e) the information or document relates to an *account held by a person before or after commencement; or

(f) the information or document relates to a *stored value card issued before or after commencement; or

(g) the information or document relates to a transaction conducted by a financial institution on behalf of a person before or after commencement; or

(h) the information or document is relevant for the purposes of:

(i) determining whether to take action under the *unexplained wealth legislation of a *participating State or *self-governing Territory in relation to a matter occurring before or after commencement; or

(ii) proceedings under the unexplained wealth legislation of a participating State or self-governing Territory instituted before or after commencement.