66ADealing with proceeds of crime

66A Dealing with proceeds of crime

[Section 66A Inserted by No. 53 of 2007, s. 6, Applied:13 Dec 2007]

(1)  A person must not deal with proceeds of crime –

(a) knowing that it is proceeds of crime; and

(b) intending to conceal that it is proceeds of crime.

Penalty:  Imprisonment for a term not exceeding 20 years.

(2)  A person must not deal with proceeds of crime knowing that it is proceeds of crime.

Penalty:  Imprisonment for a term not exceeding 15 years.

(3)  A person must not deal with proceeds of crime being reckless as to whether or not it is proceeds of crime.

Penalty:  Imprisonment for a term not exceeding 10 years.

(4)  A person must not deal with proceeds of crime being negligent as to whether or not it is proceeds of crime.

Penalty:  Imprisonment for a term not exceeding 5 years.

(5)  It is a defence to a prosecution for an offence under this section if the defendant satisfies the court that he or she dealt with the property in order to assist the enforcement of a law of the Commonwealth, a State or a Territory.