Tag Archives: Australian Crime Commission

Suspects Will Have To Explain Wealth

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Criminal suspects will soon have to explain the source of their wealth and if the explanation isn’t good enough, face losing the lot.

Justice Minister Michael Keenan says the Commonwealth, states and territories have finally agreed on a regime which will allow the Australian Crime Commission to use its coercive powers to explain the source of expensive homes and other wealth.

“There are people within the community who are reporting to the Australian Taxation Office, for example, that they have a very low income who are clearly living a lifestyle that is far beyond the income they have declared,” he told reporters in Canberra on Thursday.

Mr Keenan was speaking after the meeting of Commonwealth, state and territory attorneys-general, justice and police ministers.

An unexplained wealth regime would allow suspects to be questioned about the source of their wealth.

Read more in The Advertiser.