Document ID: chunk:federal_register_of_legislation:C2011C00166:clause:5_16
Version: federal_register_of_legislation:C2011C00166
Segment Type: clause
Provision Reference: sch 5 cl 16
Character Range: 163719–164602

16  Subsection 400.9(1) of the Criminal Code
Repeal the subsection, substitute:

 (1) A person commits an offence if:
 (a) the person deals with money or other property; and
 (b) it is reasonable to suspect that the money or property is proceeds of crime; and
 (c) at the time of the dealing, the value of the money and other property is $100,000 or more.

Penalty: Imprisonment for 3 years, or 180 penalty units, or both.

 (1A) A person commits an offence if:
 (a) the person deals with money or other property; and
 (b) it is reasonable to suspect that the money or property is proceeds of crime; and
 (c) at the time of the dealing, the value of the money and other property is less than $100,000.

Penalty: Imprisonment for 2 years, or 120 penalty units, or both.

Note: The heading to section 400.9 is altered by omitting "Possession etc. of" and substituting "Dealing with".