Legislation will be introduced into Victoria's parliament on Tuesday to make it harder for criminals to enjoy their unexplained wealth.
Authorities can already confiscate wealth when police and prosecutors believe it has been illegally acquired, but it must be in the criminal's name.
The legislation would allow authorities to seize an asset bought in someone else's name if they believed it was the proceeds of crime under an unexplained wealth order.
"Organised crime bosses think they can have the fancy cars, flash yachts, spend their money on hotels and strippers," Police Minister Anthony Carbines said.
"If you draw attention to yourself, Victoria Police will be after to you and will be able to use their laws to crackdown and reclaim those ... ill-gotten gains."
Consumable wealth and wealth that has been gifted, disposed of or spent would also be captured.
Illicit wealth that was gifted to others could also be confiscated. (HANDOUT/AFP)
Under the reforms, prosecutors could apply to a court for an unexplained wealth order if there were "reasonable grounds" to suspect a person's total wealth exceeded what they had lawfully acquired by at least $200,000.
Opposition Leader John Pesutto indicated in-principle coalition support for the reforms but questioned why the crackdown had taken so long.
"The government's got to show after 10 years in office what it's actually being doing with existing laws," he said.
Victoria's existing unexplained wealth declarations typically arose after other criminal charges were laid, and police looked through defendants' finances, prominent Melbourne barrister Zarah Garde-Wilson said.
"(Defendants) then have to establish that their assets are legitimate," Ms Garde-Wilson told AAP.
"(With) this, the only difference appears to be that they're facing this outside the realm of an offender or an owner of property having to be subject to a criminal charge.
"It's a way to access partner's incomes (and) family member's incomes, because a lot of income is siphoned off out of their own personal name to protect it."
The laws would allow a broader range of property to be seized and appeared to be in the public interest, Ms Garde-Wilson said.
However, she cautioned defendants should not be liable for court costs on unsuccessful applications and anticipated prosecutors could have a tough time chasing money that was already spent.
"If the money is not there, the money is not there," she said.
"It kind of defeats the purpose of wasting everyone's time going down that rabbit hole."
Attorney-General Jaclyn Symes said Victoria Police had complained about barriers to demonstrating a known crook's wealth was connected to criminal activity.
"You will have to demonstrate that you obtained it by legal means," she said.
"It's very likely, unless they won Tattslotto and they can show their winning ticket, they probably were doing illegal activities to obtain their wealth to spend on things."
If a person cannot satisfy a court they legally obtained their fortune, they could be ordered to pay the state the value of anything they cannot prove was lawfully acquired.
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