Document ID: chunk:federal_register_of_legislation:F2018L01614:reg:5
Version: federal_register_of_legislation:F2018L01614
Segment Type: reg
Provision Reference: reg 5
Character Range: 2918–3923

5  Prohibition relating to dealings with designated persons or entities
 (1) A person contravenes this subsection if:
 (a) the person directly or indirectly makes an asset available to, or for the benefit of, a designated person or entity; and
 (b) the making available of the asset is not authorised by a permit.
 (2) For an offence under section 27 of the Act that relates to a contravention of subsection (1) of this section by an individual, strict liability applies to the circumstance that the making available of the asset is not authorised by a permit.
 (3) Section 15.1 of the Criminal Code (Extended geographical jurisdiction—category A) applies to an offence under section 27 of the Act that relates to a contravention of subsection (1) of this section.
Note 1: Subsection (3) has the effect that the offence has extraterritorial operation.
Note 2: This section is specified as a UN sanction enforcement law in the Charter of the United Nations (UN Sanction Enforcement Law) Declaration 2008.