At present in Victoria, penalties range from a $2,000 fine and/or one year imprisonment for cultivation (if the court is satisfied that the offence is not related to trafficking), $3,000 and/or one year's imprisonment for possession/use (not relating to trafficking) to fines of up to $250,000 and/or 25 years imprisonment for commercial trafficking.
The laws in relation to possession and using a small amount of hallucinogens are scheduled to change in early 2000.
From Australian Drug Foundation Hallucinogen page:
http://www.adf.org.au/drughit/facts/hdayha.html
Basically if you get busted with what a policeman thinks are drugs, you're busted for drugs. It's all semantics from then on in, and I gather that cultivating or possessing psilocybin mushrooms for anything other than consumption would be tough to prove.
BigTrancer
[ 18 February 2002: Message edited by: BigTrancer ]