(1) A person contravenes this regulation if:
(a) the person holds a controlled asset; and
( i ) uses or deals with the asset; or
(ii) allows the asset to be used or dealt with; or
(iii) facilitates the use of, or the dealing with, the asset; and
(c) the use or dealing is not authorised by a permit under regulation 14.
(1A) Strict liability applies to the circumstance that the use of or dealing with the asset is not authorised by a permit under regulation 14.
Note: For strict liability , see section 6.1 of the Criminal Code .
(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: This regulation is a UN sanction enforcement law as specified
by the Minister under the Charter of the United Nations (UN Sanction
Enforcement Law) Declaration 2008 .