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Crimes Act 1900 - Sect 249K Blackmail offence

(1) A person who makes any unwarranted demand with menaces:

(a) with the intention of obtaining a gain or of causing a loss, or
(b) with the intention of influencing the exercise of a public duty, is guilty of an offence.

Maximum penalty: Imprisonment for 10 years.

(2) A person is guilty of an offence against this subsection if the person commits an offence against subsection (1) by an accusation, or a threatened accusation, that a person has committed a serious indictable offence.

Maximum penalty: Imprisonment for 14 years.

Source: http://www.austlii.edu.au/au/legis/nsw/consol_act/ca190082/s249k.html

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