Commonwealth Consolidated Regulations

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AUTONOMOUS SANCTIONS REGULATIONS 2011 - REG 5C

Sanctioned commercial activity--specified Ukraine regions

  (1)   For these Regulations, sanctioned commercial activity also means:

  (a)   the granting by a person of any financial loan or credit; or

  (b)   the establishment by a person of a joint venture;

relating to:

  (c)   the creation, acquisition or development of infrastructure in any of the following sectors in a specified Ukraine region:

  (i)   transport;

  (ii)   telecommunications;

  (iii)   energy; or

  (d)   the exploitation of oil or gas, or of mineral resources specified by the Minister in an instrument under this regulation, in a specified Ukraine region.

  (2)   For these Regulations, sanctioned commercial activity also means the acquisition or extension by a person of an interest in an enterprise that was established in a specified Ukraine region and is engaged in an activity referred to in paragraph   (1)(c) or (d).



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