(1) A person shall not have in his or her possession any material that, to his or her knowledge, was obtained by dealing with genuine coin in such a manner as to diminish its weight, whether that material consists of filings, clippings, dust, bullion or diminished coin, is in solution or is in any other form.
(a) in the case of a person, not being a body corporate--imprisonment for 5 years or 100 penalty units, or both; or
(b) in the case of a person, being a body corporate--200 penalty units.
(2) 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 (2) (see subsection 13.3(3) of the Criminal Code ).