Document ID: chunk:federal_register_of_legislation:F2016L01181:reg:17
Version: federal_register_of_legislation:F2016L01181
Segment Type: reg
Provision Reference: reg 17
Character Range: 20964–21746

17  Prohibition relating to controlled assets
 (1) A person contravenes this section 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, or the dealing with, the asset; and
 (c) the use or dealing is not authorised by a permit under section 18.
 (2) Section 15.1 of the Criminal Code applies to an offence under section 27 of the Act that relates to a contravention of subsection (1).
Note 1: Subsection (2) has the effect that the offence has extraterritorial application.
Note 2: This section is a UN sanction enforcement law as specified by the Minister under the Charter of the United Nations (UN Sanction Enforcement Law) Declaration 2008.