Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992

Acquiring, possessing, using, concealing or transferring benefits from criminal conduct

54.—(1) Any person who —

(a)	conceals or disguises any property which is, or in whole or in part, directly or indirectly, represents, the person’s benefits from criminal conduct;
(b)	converts or transfers that property or removes it from the jurisdiction; or
(c)	acquires, possesses or uses that property,

shall be guilty of an offence.

[44/2007; 51/2018]

(2) Any person who, knowing or having reasonable grounds to believe that any property is, or in whole or in part, directly or indirectly, represents, another person’s benefits from criminal conduct —

(a)	conceals or disguises that property; or
(b)	converts or transfers that property or removes it from the jurisdiction,

shall be guilty of an offence.

[4/2010]

(3) Any person who, knowing or having reasonable grounds to believe that any property is, or in whole or in part, directly or indirectly, represents, another person’s benefits from criminal conduct, acquires that property, or has possession of or uses such property, shall be guilty of an offence.

[44/2007; 4/2010]

(4) In subsections (1)(a) and (2)(a), references to concealing or disguising any property include references to concealing or disguising its nature, source, location, disposition, movement or ownership or any rights with respect to it.

(5) Any person who commits an offence under this section shall be liable on conviction —

(a)	if the person is an individual, to a fine not exceeding $500,000 or to imprisonment for a term not exceeding 10 years or to both; or
(b)	if the person is not an individual, to a fine not exceeding $1 million or twice the value of the property in respect of which the offence was committed, whichever is higher. [47 [44/2007; 21/2014; 51/2018]

Search within Legislation