Criminal Code Act 1995

Schedule - The Criminal Code  

Section 3

CHAPTER 10 - NATIONAL INFRASTRUCTURE  

Part 10.2 - Money laundering  

Division 400 - Money laundering  

SECTION 400.8   Proceeds of crime etc. - money or property of any value  

(1)    
A person commits an offence if:

(a)    the person deals with money or other property; and

(b)    

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either:

(i) the money or property is, and the person believes it to be, proceeds of indictable crime; or

(ii) the person intends that the money or property will become an instrument of crime.

Penalty: Imprisonment for 12 months, or 60 penalty units, or both.

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(2)    
A person commits an offence if:

(a)    the person deals with money or other property; and

(b)    

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either:

(i) the money or property is proceeds of indictable crime; or

(ii) there is a risk that the money or property will become an instrument of crime; and

(c)    

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the person is reckless as to the fact that the money or property is proceeds of indictable crime or the fact that there is a risk that it will become an instrument of crime (as the case requires).

Penalty: Imprisonment for 6 months, or 30 penalty units, or both.

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(3)    
A person commits an offence if:

(a)    the person deals with money or other property; and

(b)    

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either:

(i) the money or property is proceeds of indictable crime; or

(ii) there is a risk that the money or property will become an instrument of crime; and

(c)    

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the person is negligent as to the fact that the money or property is proceeds of indictable crime or the fact that there is a risk that it will become an instrument of crime (as the case requires).

Penalty: 10 penalty units.

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Note:

Section 400.2A affects the application of this section so far as it relates to a person dealing with money or other property that:

  • (a) is intended by the person to become an instrument of crime; or
  • (b) is at risk of becoming an instrument of crime.

    •  View history note

     

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