Document ID: chunk:federal_register_of_legislation:C2021A00003:clause:1_9:p1
Version: federal_register_of_legislation:C2021A00003
Segment Type: clause
Provision Reference: sch 1 cl 9 (pt 1/4)
Character Range: 11727–14249

9  After section 400.2A of the Criminal Code
Insert:

400.2B  Proceeds of crime etc.—money or property worth $10,000,000 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 $10,000,000 or more.
Penalty: Imprisonment for life.
 (2) 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 $10,000,000 or more.
Penalty: Imprisonment for life.
 (3) 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 $10,000,000 or more.
Penalty: Imprisonment for life.

Tier 2