Document ID: chunk:federal_register_of_legislation:C2004A00979:clause:3_20
Version: federal_register_of_legislation:C2004A00979
Segment Type: clause
Provision Reference: sch 3 cl 20
Character Range: 27459–28318

20  Offence—dealing with freezable assets

 (1) A person commits an offence if:
 (a) the person holds an 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 asset is a freezable asset; and
 (d) the use or dealing is not in accordance with a notice under section 22.

Penalty: Imprisonment for 5 years.

 (2) Strict liability applies to the circumstance that the use or dealing with the asset is not in accordance with a notice under section 22.

 (3) It is a defence if the person proves that the use or dealing was solely for the purpose of preserving the value of the asset.

 (4) Section 15.1 of the Criminal Code (extended geographical jurisdiction—category A) applies to an offence against subsection (1).