Document ID: chunk:federal_register_of_legislation:F2021C00911:reg:14
Version: federal_register_of_legislation:F2021C00911
Segment Type: reg
Provision Reference: reg 14
Character Range: 17223–18931

14  Permit for assets and controlled assets
 (1) A person may apply to the Minister for a permit authorising:
 (a) the making available of an asset that would otherwise contravene subregulation 12(1); or
 (b) a use of, or dealing with, a controlled asset that would otherwise contravene subregulation 13(1).
 (2) The application must be for one of the following:
 (a) a basic expense dealing;
 (b) a legally required dealing;
 (c) an extraordinary expense dealing.
Note: For the definitions of basic expense dealing, legally required dealing and extraordinary expense dealing, see regulation 5 of the Charter of the United Nations (Dealing with Assets) Regulations 2008.
 (3) The application must state which kind of dealing the application is for.
 (4) If the application is for a basic expense dealing, the Minister:
 (a) must give the Committee notice of the application; and
 (b) may grant the permit only if the Committee does not make a negative decision in relation to the application within 4 working days after the notice is given.
 (5) If the application is for a legally required dealing, the Minister may grant the permit only after giving the Committee notice of the application.
 (6) If the application is for an extraordinary expense dealing, the Minister:
 (a) must give the Committee notice of the application; and
 (b) may grant the permit only with the Committee's approval.
 (7) The permit is subject to any conditions specified in the permit.
Note 1: Section 13A of the Act applies to a permit granted by the Minister under this regulation.
Note 2: Part 2 of the Charter of the United Nations (Dealing with Assets) Regulations 2008 applies to these Regulations.

Part 3—Miscellaneous