Serious and organised crime costs the Australian economy $36 billion per year, according to a new analysis undertaken by the Australian Crime Commission.
The detailed cost analysis, which includes a cost breakdown of different organised crime types for 2013–14, is the first of its kind to be undertaken by the Australian Crime Commission. The high level findings are being released to help raise the community’s awareness of the impact and extent of serious and organised crime.
The $36 billion figure is the result of extensive analysis undertaken by the Australian Crime Commission in conjunction with pre-eminent economist and criminologist, Mr John Walker, and researchers from the Australian Institute of Criminology.
The analysis has more than doubled previous estimates of the cost of organised crime, which was thought to be in the vicinity of $15 billion per year.