The changes are based on key recommendations from a review undertaken this year by former Director of Public Prosecutions Damian Bugg.

The proposed amendments clarify that the laws apply to a club or association, what would be required of certain persons and financial institutions, and how evidence could be used.

“These laws are an important tool in the fight against organised crime across all Australian jurisdictions, and are squarely aimed at those people who appear to live beyond their legitimate means of support,” Attorney-General Elise Archer said.

She said the bill would also address timeframes for applications to be made in the Supreme Court that may prevent the DPP from pursuing applications.

Director of Public Prosecutions Daryl Coates highlighted, in a submission to the review, there was a lot of time taken to receive information from banks, the Australian Taxation Office and Centrelink and issues with three-day wealth restraining orders, which allowed insufficient time to specify the amount of unexplained wealth.

More than $2 million has been recovered since the law was introduced in 2014.

There was $602,500 claimed in unexplained wealth orders in 2016-17 and $823,200 in 2015-16.