Charter of the United Nations (Sanctions — Democratic People’s Republic of Korea) Regulations 2008
13Prohibition relating to controlled assets
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13 Prohibition relating to controlled assets
(2) A person contravenes this regulation 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 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 1: Subregulation (3) has the effect that the offence has extraterritorial application.
Note 2: This regulation is a UN sanction enforcement law as specified by the Minister under the Charter of the United Nations (UN Sanction Enforcement Law) Declaration 2008.