(1) A person contravenes this section 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 under section 11C.
(2) For an offence under section 27 of the Act that relates to a contravention of subsection ( 1), strict liability applies to the circumstance that the use of, or dealing with, the asset is not authorised by a permit under section 11C.
Note: For strict liability, see section 6.1 of the Criminal Code .
(3) Section 15.1 of the Criminal Code (Extended geographical jurisdiction--Category A) applies to an offence under section 27 of the Act that relates to a contravention of subsection ( 1).
Note 1: This has the effect that the offence has extraterritorial operation.
Note 2: This section is specified as a UN sanction enforcement law in the Charter of the United Nations (UN Sanction Enforcement Law) Declaration 2008 .