Document ID: chunk:federal_register_of_legislation:F2021C00911:reg:13
Version: federal_register_of_legislation:F2021C00911
Segment Type: reg
Provision Reference: reg 13
Character Range: 16153–17223

13  Prohibition relating to controlled assets
 (1) A person contravenes this subregulation if:
 (a) the person holds a controlled asset; and
 (b) the person:
 (i) uses or deals with the asset; or
 (ii) allows the asset to be used or dealt with; or
 (iii) facilitates the use of the asset or dealing with the asset; and
 (c) the use or dealing is not authorised by a permit under regulation 14.
 (2) For an offence under section 27 of the Act that relates to a contravention of subregulation (1) by an individual, strict liability applies to the circumstance that the use or dealing is not authorised by a permit under regulation 14.
 (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 subregulation (1).
Note 1: Subregulation (3) has the effect that the offence has extraterritorial operation.
Note 2: This regulation is specified as a UN sanction enforcement law in the Charter of the United Nations (UN Sanction Enforcement Law) Declaration 2008.