(1) This regulation is a UN sanction enforcement law.
Note This has the effect that a contravention of a provision of this regulation is an offence under section 27 of the Act.
(2) A person contravenes this regulation if:
(a) the person directly or indirectly makes an asset available to, or for the benefit of:
(i) a designated person or entity; or
(ii) a person or entity acting on behalf of or at the direction of a designated person or entity; and
(b) the making available of the asset is not authorised by a permit under regulation 14.
(3) Section 15.1 of the Criminal Code applies to an offence under section 27 of the Act that relates to a contravention of subregulation (2).
Note This has the effect that the offence has extraterritorial operation.