Commonwealth Consolidated Regulations

CHARTER OF THE UNITED NATIONS (DEALING WITH ASSETS) REGULATIONS 2008 - REG 30

  (1)   In this Part, a dealing constituted by:

  (a)   a payment to a proscribed person or entity, or a payment to a person or entity acting on behalf of, or at the direction of a proscribed person or entity; or

  (b)   a use or dealing with a freezable asset;

is basic expense dealing if it is necessary for basic expenses, including the following:

  (c)   foodstuffs;

  (d)   rent or mortgage;

  (e)   medicines or medical treatment;

  (f)   taxes;

  (g)   insurance premiums;

  (h)   public utility charges;

  (i)   reasonable professional fees;

  (j)   reimbursement of expenses associated with the provision of legal services;

  (k)   fees or service charges that are in accordance with national laws for the routine holding or maintenance of frozen assets.

  (2)   In this Part   a dealing constituted by:

  (a)   a payment to a proscribed person or entity, or a payment to a person or entity acting on behalf of, or at the direction of a proscribed person or entity; or

  (b)   a use or dealing with a freezable asset;

is a contractual dealing if it is a payment:

  (c)   to apply interest or other earnings due on accounts holding freezable assets; or

  (d)   required under contracts, agreements or obligations made before the date on which those accounts became accounts holding freeazable assets.

Note:   If the account into which the payment is paid is frozen under Part   4 of the Act, this payment will also be frozen once received.

  (3)   In this Part   any other dealing constituted by:

  (a)   a payment to a proscribed person or entity, or a payment to a person or entity acting on behalf of, or at the direction of a proscribed person or entity; or

  (b)   a use or dealing with a freezable asset;

is an extraordinary expense dealing .