Commonwealth Numbered Regulations Commonwealth Numbered Regulations(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 Sanctions Regulations, 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 .