Commonwealth Consolidated Acts Commonwealth Consolidated Acts(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;
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--$60,000.
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