New laws to allow CAB to sell seized assets after just two years

The Criminal Assets Bureau would be allowed sell seized property after just two years, rather than seven, under new laws. Stock Image. 

Criminals will only have two years – reduced from the current seven – before an asset seized through the Criminal Assets Bureau can be sold off by the State under a proposed new law.

Criminals can currently continue to enjoy their property for seven years after it has been established that it was the proceeds of crime to allow time to appeal.