The seizure of his assets was able to happen because the act only requires the Crown to establish proof on the civil standard, of the balance of probabilities - not the higher criminal standard of beyond reasonable doubt.
A High Court judge found Mr Nicholas was unable to show evidence of a legitimate source of income, therefore ruled his assets had been obtained through criminal offending.
While I see both arguments, the far-reaching powers of this law don't sit comfortably.
I am not naive enough to argue that people who have had property seized under this law are angels. After all, High Court judges have ruled it's more likely than not their assets were obtained through crime.
But maybe they weren't.
Crack down on gangs. Crack down on criminals. Take their ill-gotten gains.
But first I believe the Crown should prove - beyond reasonable doubt - that they are criminals and these are ill-gotten gains. It seems only fair.