The maximum penalty for a money laundering or proceeds of crime offence depends on the specific offence that is charged as well as whether the case remains in the Local Court or is referred to a higher court, such as the District or Supreme Court.
If the case stays in the Local Court, the maximum penalty for any single money laundering or proceeds of crime offence is two years in prison.
If it is referred to a higher court, the maximum penalty is that which is prescribed by the legislation.