(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 holds a controlled asset; and
(b) the person:
(i) uses or deal 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 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.