Document ID: chunk:federal_register_of_legislation:C2025C00060:section:2:p124
Version: federal_register_of_legislation:C2025C00060
Segment Type: section
Provision Reference: s 2 (pt 124/169)
Character Range: 1498628–1501079

a risk that the money or property will become an instrument of crime; and
 (c) 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); and
 (d) at the time of the dealing, the value of the money and other property is $50,000 or more.
Penalty: Imprisonment for 3 years, or 180 penalty units, or both.
 (4) Absolute liability applies to paragraphs (1)(c), (2)(d) and (3)(d).
Note 1: Section 400.10 provides for a defence of mistake of fact in relation to these paragraphs.
Note 2: 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.

400.6  Proceeds of crime etc.—money or property worth $10,000 or more
 (1) A person commits an offence if:
 (a) the person deals with money or other property; and
 (b) 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; and
 (c) at the time of the dealing, the value of the money and other property is $10,000 or more.
Penalty: Imprisonment for 10 years, or 600 penalty units, or both.
 (2) A person commits an offence if:
 (a) the person deals with money or other property; and
 (b) 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) 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); and
 (d) at the time of the dealing, the value of the money and other property is $10,000 or more.
Penalty: Imprisonment for 5 years, or 300 penalty units, or both.
 (3) A person commits an offence if:
 (a) the person deals with money or other property; and
 (b) 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) 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