Document ID: chunk:federal_register_of_legislation:F2018C00921:reg:13
Version: federal_register_of_legislation:F2018C00921
Segment Type: reg
Provision Reference: reg 13
Character Range: 63233–64033

13  Prohibition relating to controlled assets
 (2) A person contravenes this regulation if:
 (a) the person holds a controlled asset; and
 (b) the person:
 (i) uses or deal 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.
 (3) Section 15.1 of the Criminal Code applies to an offence under section 27 of the Act that relates to a contravention of subregulation (2).
Note 1: Subregulation (3) has the effect that the offence has extraterritorial application.
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.