Queensland Bar Association president Peter Davis, QC, said federal law would apply to Corby because her Indonesian drug crime was also illegal in Australia.
"It's not where the offence was committed ... an offence against the law of the commonwealth doesn't necessarily have to occur within the commonwealth," Mr Davis told AAP.
Mr Davis said federal authorities could take action against Corby, even if she remained in Indonesia.
"There's no reason they couldn't proceed with it," he said.
Queensland Premier Campbell Newman has asked his Attorney-General Jarrod Bleijie to investigate if Corby could be stopped under that state's proceeds of crime laws.
"I am deeply concerned, in fact I am dismayed, that a convicted drug criminal has benefited it appears from her criminal activity," Mr Newman told reporters.
The premier said he respected Indonesia's justice system and its decision to convict Corby.
"I just think we need to recognise there was a trial in Indonesia, she was appropriately convicted, she went to jail and now it appears she's benefiting from this act and I don't think it's very satisfactory," he said.
"So we will look and see whether that Queensland legislation has any application."
But Mr Davis said it was less clear if Queensland law could stop Corby's financial gains.
"It is a serious issue the state could look at," he said.
Corby spent more than nine years in jail after being found guilty of importing 4.2kg of marijuana into Bali in 2004.
She has always maintained her innocence.
- AAP