Document ID: chunk:federal_register_of_legislation:C2025C00060:section:2:p127
Version: federal_register_of_legislation:C2025C00060
Segment Type: section
Provision Reference: s 2 (pt 127/169)
Character Range: 1505378–1507985

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.

400.9  Dealing with property reasonably suspected of being proceeds of crime etc.
 (1AA) 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 indictable crime; and
 (c) at the time of the dealing, the value of the money and other property is $10,000,000 or more.
Penalty: Imprisonment for 5 years, or 300 penalty units, or both.
 (1AB) 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 indictable 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 4 years, or 240 penalty units, or both.
 (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 indictable 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 indictable 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.
 (2) For the purposes of this section, it is taken to be reasonable to suspect that money or other property is proceeds of indictable crime if:
 (a) the conduct constituting the offence involves a number of transactions that are structured or arranged to avoid the reporting requirements of the repealed Financial Transaction Reports Act 1988 that would otherwise apply to the transactions; or
 (aa) the conduct involves a number of transactions that are structured or arranged to avoid the reporting requirements of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 that would otherwise apply to the transactions; or
 (b) the conduct involves using one or more accounts held with ADIs in false names; or
 (ba) the conduct amounts to an offence against section 139, 140 or 141 of the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006; or
 (c) the value