Criminal Proceeds (Recovery) Amendment Bill

Bills are proposals to make a new law or to change an existing one. Only Parliament can pass a bill. Each bill goes through several stages, giving MPs and the public the chance to have their say.

This bill amends the Criminal Proceeds (Recovery) Act 2009 (the Principal Act) to enable the High Court to make a disclosure of source order, on application by the Commissioner, in relation to property to which a section 24 restraining order applies if the respondent is overseas. This bill also amends both the Principal Act and the KiwiSaver Act 2006 to overcome a legal loophole to the effect that funds in a KiwiSaver scheme are not subject to forfeiture or debt recovery under the principal Act until they are withdrawn under the KiwiSaver Rules.