The Confiscation of Criminal Assets Act 2003 (COCA Act) authorises the confiscation of the proceeds of crime and other criminal assets as well as unexplained wealth assets. The Public Trustee and Guardian administers assets restrained under the COCA Act in accordance with court orders. Forfeited assets are secured, sold and any moneys realised are deposited into the Confiscated Assets Trust (CAT) Fund. Section 104 of the COCA Act sets out the reporting requirements for the Public Trustee and Guardian.

In the 2022-23 financial year the following notices were given under the COCA Act:

Table 18.  Notices given under section 102: Notice of sale, modification or destruction of restrained property by public trustee and guardian

The Public Trustee and Guardian did not issue any notices under section 103 of the COCA Act - Emergency modification or destruction of restrained property.