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Should the punishment for extortion in australia be changed?

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Should the punishment for extortion in australia be changed?

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“Extortion The offence of extortion is committed if a person, with intent to extort or gain any property, benefit or the performance of services from any person, accuses or threatens to accuse that second person of committing an offence. The offence of extortion is also committed if a person, with intent to extort or gain any property, benefit or the performance of services from a second person, threatens that second person that they will be accused by another person of committing an offence. The accusation or the threat to accuse can be in writing or can be verbal. The maximum penalty for extortion is three (3) years imprisonment, unless aggravated circumstances exist. If aggravated circumstances exist then the maximum penalty is fourteen (14) years imprisonment” Sounds OK to me.

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