Document ID: chunk:federal_register_of_legislation:C2021A00003:clause:1_17
Version: federal_register_of_legislation:C2021A00003
Segment Type: clause
Provision Reference: sch 1 cl 17
Character Range: 23063–25292

17  After subsection 400.3(2) of the Criminal Code
Insert:
 (2A) 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 proceeds of general crime; and
 (c) the person is reckless as to the fact that the money or property is proceeds of general crime; and
 (d) 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) when the conduct occurs, the value of the money and other property is $1,000,000 or more.
Penalty: Imprisonment for 12 years, or 720 penalty units, or both.
 (2B) 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 reckless 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 $1,000,000 or more.
Penalty: Imprisonment for 12 years, or 720 penalty units, or both.