Document ID: chunk:federal_register_of_legislation:F2018C00921:reg:15a
Version: federal_register_of_legislation:F2018C00921
Segment Type: reg
Provision Reference: reg 15A
Character Range: 83710–85277

15A  No claim for breach of contract or failure to perform transaction
 (1) This regulation applies to:
 (a) the government of the Democratic People's Republic of Korea; and
 (b) the following persons and entities:
 (i) a person who is resident or national of the Democratic People's Republic of Korea;
 (ii) a person or entity subject to the jurisdiction of the Democratic People's Republic of Korea;
 (iii) a designated person or entity;
 (iv) a person or entity able to claim through, or for the benefit of, the government of the Democratic People's Republic of Korea or a person or entity mentioned in subparagraph (i), (ii) or (iii).
 (2) The government of the Democratic People's Republic of Korea, or the person or entity, must not make a claim or demand, or take any action, against any other person or entity for breach of contract or a failure to perform a transaction if the performance of the contract or transaction was prevented:
 (a) under these Regulations; or
 (b) because of resolutions relating to the Democratic People's Republic of Korea, as existing from time to time.
Note: Resolutions relating to the Democratic People's Republic of Korea could in 2016 be viewed on the United Nations' website (http://www.un.org).
 (3) This regulation has effect despite any other law of the Commonwealth or any law of a State or Territory.

Part 4—Application, savings and transitional provisions

Division 1—Amendments made by the Charter of the United Nations (Sanctions—Democratic People's Republic of Korea) Amendment (Resolution 2397) Regulations 2018