Document ID: chunk:federal_register_of_legislation:C2021A00003:clause:1_13
Version: federal_register_of_legislation:C2021A00003
Segment Type: clause
Provision Reference: sch 1 cl 13
Character Range: 20671–22745

13  After subsection 400.3(1) of the Criminal Code
Insert:
 (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 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
 (d) when the conduct occurs, 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.
 (1B) 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, and the person believes it to be, proceeds of general crime; and
 (c) 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
 (d) 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 $1,000,000 or more.
Penalty: Imprisonment for 25 years, or 1500 penalty units, or both.