Autonomous Sanctions Regulations 2011
5ASanctioned commercial activity—Syria
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5A Sanctioned commercial activity—Syria
(1) For these Regulations, sanctioned commercial activity means: (a) the acquisition by a person of an interest in an entity or a person mentioned in an item of the table; and (b) the extension by a person of an interest in an entity or a person mentioned in an item of the table; and (c) the establishment by a person of a joint venture with an entity or a person mentioned in an item of the table; and (d) participation by a person in a joint venture with an entity or a person mentioned in an item of the table (including a subsidiary of that entity or person); and (e) the granting by a person of a financial loan or credit to an entity or a person mentioned in an item of the table.
| Item | Entity or person |
|---|---|
| 4 | An entity in Syria that is engaged in:(a) the Syrian petrochemical industry; or(b) any of the following sectors of the Syrian oil and gas industry:(i) refining of fuels;(ii) exploration of crude oil or natural gas;(iii) production crude oil or natural gas;(iv) liquefaction of natural gas |
| 5 | A Syrian entity engaged in a sector mentioned in item 4 outside Syria |
| 6 | A Syrian‑owned entity engaged in a sector mentioned in item 4 outside Syria |
| 7 | An entity in Syria engaged in the construction or installation of new power plants for electricity production |
(2) For these Regulations, sanctioned commercial activity also means: (a) the sale by a person, to an entity or a person mentioned in an item of the table, of an interest in a commercial activity in Australia in any of the following sectors of the oil and gas industry: (i) refining of fuels; (ii) exploration of crude oil and natural gas; (iii) production of crude oil and natural gas; (iv) liquefaction of natural gas; and (b) the making available by a person (otherwise than by sale), to an entity or a person mentioned in an item of the table, of an interest in a commercial activity in Australia in any of the following sectors of the oil and gas industry: (i) refining of fuels; (ii) exploration of crude oil and natural gas; (iii) production of crude oil and natural gas; (iv) liquefaction of natural gas.
| Item | Entity or person |
|---|---|
| 4 | The government of Syria |
| 5 | Any natural person in, or resident in, Syria |