Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) A person contravenes this regulation if the person directly or indirectly make s an asset available to, or for the benefit of :
(a) a designated person ; or
( b ) a person or entity acting on behalf of or at the direction of a designated person; or
(c) an entity owned or controlled by a designated person .
(2) Section 15.1 of the Criminal Code applies to an offence under section 27 of the Act that relates to a contravention of subregulation (1).
Note 1 Subregulation (2) has the effect that the offence has extraterritorial operation.
Note 2 Th is regulation is a UN sanction enforcement law as specified by the Minister under the Charter of the United Nations (UN S anction E nforcement L aw) Declaration 2008 .