Commonwealth Numbered Regulations

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CHARTER OF THE UNITED NATIONS (SANCTIONS--IRAN) REGULATION 2016 (F2016L01181) - REG 17

Prohibition relating to controlled assets

             (1)  A person contravenes this section if:

                     (a)  the person holds a controlled asset; and

                     (b)  the person:

                              (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 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 .



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