Document ID: chunk:federal_register_of_legislation:C2018A00021:clause:1_6
Version: federal_register_of_legislation:C2018A00021
Segment Type: clause
Provision Reference: sch 1 cl 6
Character Range: 2288–3833

6  Subsections 330(1) and (2)
Repeal the subsections, substitute:
 (1) Property becomes proceeds of an offence if:
 (a) the property is wholly or partly derived or realised from a disposal or other dealing with *proceeds of the offence; or
 (b) the property is wholly or partly acquired using proceeds of the offence; or
 (c) an *encumbrance or a security on, or a liability incurred to acquire, retain, maintain or make *improvements to, the property is wholly or partly discharged using proceeds of the offence; or
 (d) the costs of retaining, maintaining or making improvements to the property are wholly or partly met using proceeds of the offence; or
 (e) the property is improved using proceeds of the offence;
including because of one or more previous applications of this section.
 (2) Property becomes an instrument of an offence if:
 (a) the property is wholly or partly derived or realised from the disposal or other dealing with an *instrument of the offence; or
 (b) the property is wholly or partly acquired using an instrument of the offence; or
 (c) an *encumbrance or a security on, or a liability incurred to acquire, retain, maintain or make *improvements to, the property is wholly or partly discharged using an instrument of the offence; or
 (d) the costs of retaining, maintaining or making improvements to the property are wholly or partly met using an instrument of the offence; or
 (e) the property is improved using an instrument of the offence;
including because of one or more previous applications of this section.