Document ID: chunk:federal_register_of_legislation:F2024C01132:reg:15
Version: federal_register_of_legislation:F2024C01132
Segment Type: reg
Provision Reference: reg 15
Character Range: 72370–73482

15  Prohibition of dealing with 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 granted under regulation 18.
 (1A) Strict liability applies to the circumstance that the use or dealing with the asset is not in accordance with a permit under regulation 18.
Note 1: For strict liability, see section 6.1 of the Criminal Code.
Note 2: Strict liability is not imposed on an individual for any other element of an offence under section 16 of the Act that relates to a contravention of this regulation.
 (2) Section 15.1 of the Criminal Code applies to an offence under section 16 of the Act that relates to a contravention of this regulation.
Note 1: This has the effect that the offence has extraterritorial operation.
Note 2: This regulation may be specified as a sanction law by the Minister under section 6 of the Act.