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FAKE MONEY IN AUSTRALIA

fake money .Knowingly possessing fake currency is illegal, according to the Reserve Bank of Australia.

You should hand over a banknote that you think is fake right away to state or federal authorities if you come across one. fake money.

Also, you should:

Place the suspicious currency in an envelope with as little handling as possible.
Record any pertinent details regarding the note, such as how you got into possession of it.
It should be reminded that fake currency has no value, thus you won’t be compensated for it.

 

If you have doubts about a banknote, you have the right to refuse to accept it, but you should avoid taking

acts that could put your safety or the safety of others in danger.

THE AUSTRALIA LAW ON MAKING OR USING COUNTERFEIT OR FAKE MONEY
What exactly is “fake money”? The Crimes (Currency) Act of 1981’s section 3 defines counterfeit money (Cth). It includes any object that resembles or is ostensibly meant to resemble, or could pass for, real coin or paper money but is not.

It also covers any item that is purporting to be a genuine coin or piece of paper money but has been materially altered in a way that conceals or appears to hide the alteration.

 

Under Section 6 of the Crimes (Currency) Act of 1981, creating counterfeit money, generally known as fake money, is a Commonwealth offense punishable by up to 14 years in jail or, if the offender is a body corporate, up to $166,500 in fines. According to Section 7, the punishment for using or uttering counterfeit money while knowing it to be fake is up to 12 years in jail or, in the case of a body corporate, up to $133,200.