Document ID: chunk:federal_register_of_legislation:F2021C00929:reg:11
Version: federal_register_of_legislation:F2021C00929
Segment Type: reg
Provision Reference: reg 11
Character Range: 8915–9924

11  Prohibition relating to controlled assets
 (1) A person contravenes this regulation 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 12.
 (1A) Strict liability applies to the circumstance that the use of or dealing with the asset is not authorised by a permit under regulation 12.
Note: For strict liability, see section 6.1 of the Criminal Code.
 (2) Section 15.1 of the Criminal Code applies to an offence under section 27 of the Act that relates to a contravention of subregulation (1).
Note 1: Subregulation (2) has the effect that the offence has extraterritorial operation.
Note 2: This regulation is a UN sanction enforcement law as specified by the Minister under the Charter of the United Nations (UN Sanction Enforcement Law) Declaration 2008.