8Buying or selling non‑excepted counterfeit money or counterfeit securities

8 Buying or selling non‑excepted counterfeit money or counterfeit securities

(1) A person shall not buy, sell, receive or dispose of, or offer to buy, sell, procure or dispose of, non‑excepted counterfeit money or a counterfeit prescribed security. (1A) Subsection (1) does not apply if the person has a reasonable excuse.

Note: A defendant bears an evidential burden in relation to the matter in subsection (1A) (see subsection 13.3(3) of the Criminal Code).

(2) A person shall not, with intent to defraud: (a) buy, sell, receive or dispose of; or (b) offer to buy, sell, procure or dispose of; an excepted counterfeit coin.

Penalty:

(a) in the case of a person, not being a body corporate—imprisonment for 12 years; or
(b) in the case of a person, being a body corporate—600 penalty units.