(1) A person contravenes this section 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; or
(iii) an entity owned or controlled by a designated person or entity, including through illicit means; and
(b) the making available of the asset is not authorised by a permit under section 18.
(2) Section 15.1 of the Criminal Code applies to an offence under section 27 of the Act that relates to a contravention of subsection (1).
Note 1: Subsection (2) has the effect that the offence has extraterritorial application.
Note 2: This section is a UN sanction enforcement law as specified by the Minister under the Charter of the United Nations (UN Sanction Enforcement Law) Declaration 2008 .