Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) A person contravenes this regulation if:
(a) the person directly or indirectly makes an asset available to, or for the benefit of, a designated person or entity; and
(b) the making available of the asset is not authorised by a permit granted under regulation 18.
(1A) Strict liability applies to the circumstance that the making available of 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.