Document ID: chunk:federal_register_of_legislation:C2025C00060:section:2:p115
Version: federal_register_of_legislation:C2025C00060
Segment Type: section
Provision Reference: s 2 (pt 115/169)
Character Range: 1478140–1480686

money and other property is $10,000,000 or more.
Penalty: Imprisonment for 6 years, or 360 penalty units, or both.
 (9) A person commits an offence if:
 (a) on 2 or more occasions, the person engages in conduct in relation to money or other property; and
 (b) for each occasion, the money or property is proceeds of general crime; and
 (c) for each occasion, the person is negligent as to the fact that the money or property is proceeds of general crime; and
 (d) for each occasion, the conduct concealed or disguised any or all of the following:
 (i) the nature of the money or property;
 (ii) the value of the money or property;
 (iii) the source of the money or property;
 (iv) the location of the money or property;
 (v) any disposition of the money or property;
 (vi) any movement of the money or property;
 (vii) any rights in respect of the money or property;
 (viii) the identity of any person who has rights in respect of the money or property;
 (ix) the identity of any person who has effective control of the money or property; and
 (e) the sum of the values of the money and other property (where each value is worked out as at the time when the relevant conduct occurred) is $10,000,000 or more.
Penalty: Imprisonment for 6 years, or 360 penalty units, or both.

Absolute liability
 (10) Absolute liability applies to paragraphs (1)(c), (2)(d), (3)(d), (4)(d), (5)(e), (6)(e), (7)(d), (8)(e) and (9)(e).
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.

400.3  Proceeds of crime etc.—money or property worth $1,000,000 or more

Tier 1 offences
 (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 $1,000,000 or more.
Penalty: Imprisonment for 25 years, or 1500 penalty units, or both.
 (1A) A person commits an offence if:
 (a) the person engages in conduct in relation to money or other property; and
 (b) the money or property is, and the person believes it to be, proceeds of general crime; and
 (c) the