Document ID: chunk:federal_register_of_legislation:C2025C00044:section:102
Version: federal_register_of_legislation:C2025C00044
Segment Type: section
Provision Reference: s 102
Character Range: 303695–305891

102  Countermeasures
 (1) The regulations may make provision for or in relation to prohibiting or regulating the entering into of transactions, where:
 (a) both:
 (i) one of the parties to the transaction is a resident of Australia; and
 (ii) the other party, or any of the other parties, is a resident of a prescribed foreign country; or
 (b) both:
 (i) one of the parties to the transaction enters into the transaction in the course of carrying on an activity or business at or through a permanent establishment of the party in Australia; and
 (ii) the other party, or any of the other parties, is a resident of a prescribed foreign country; or
 (c) both:
 (i) one of the parties to the transaction is a resident of Australia; and
 (ii) the other party, or any of the other parties, is a corporation incorporated in a prescribed foreign country; or
 (d) both:
 (i) one of the parties to the transaction enters into the transaction in the course of carrying on an activity or business at or through a permanent establishment of the party in Australia; and
 (ii) the other party, or any of the other parties, is a corporation incorporated in a prescribed foreign country; or
 (e) both:
 (i) one of the parties to the transaction is a resident of Australia; and
 (ii) the other party, or any of the other parties, is an individual who is physically present in a prescribed foreign country; or
 (f) both:
 (i) one of the parties to the transaction enters into the transaction in the course of carrying on an activity or business at or through a permanent establishment of the party in Australia; and
 (ii) the other party, or any of the other parties, is an individual who is physically present in a prescribed foreign country.
Note: For resident, see section 14.
 (2) Regulations made for the purposes of subsection (1):
 (a) may be of general application; or
 (b) may be limited by reference to any or all of the following:
 (i) a specified transaction;
 (ii) a specified party;
 (iii) a specified prescribed foreign country.
Note 1: For specification by class, see subsection 13(3) of the Legislation Act 2003.
Note 2: For consultation requirements, see section 17 of the Legislation Act 2003.