Section 122 of the Confiscation Act 1997 (Vic) created a single offence of money laundering that could be constituted by dealing with either money or other property that was proceeds of crime. A sentence for money laundering that is constituted merely by the sale of stolen goods by the thief should reflect the fact that such conduct is far removed from the principal mischief at which the offence was aimed. A sentencing judge's mistake as to the maximum penalty reopens the sentencing discretion unless the appellate court is satisfied the error could not have materially affected the sentence.
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