14Permit for assets and controlled assets

14 Permit for assets and controlled assets

(1) A person may apply to the Minister for a permit authorising: (a) the making available of an asset that would otherwise contravene subregulation 12(1); or (b) a use of, or dealing with, a controlled asset that would otherwise contravene subregulation 13(1). (2) The application must be for one of the following: (a) a basic expense dealing; (b) a legally required dealing; (c) an extraordinary expense dealing.

Note: For the definitions of basic expense dealing, legally required dealing and extraordinary expense dealing, see regulation 5 of the Charter of the United Nations (Dealing with Assets) Regulations 2008.

(3) The application must state which kind of dealing the application is for. (4) If the application is for a basic expense dealing, the Minister: (a) must give the Committee notice of the application; and (b) may grant the permit only if the Committee does not make a negative decision in relation to the application within 4 working days after the notice is given. (5) If the application is for a legally required dealing, the Minister may grant the permit only after giving the Committee notice of the application. (6) If the application is for an extraordinary expense dealing, the Minister: (a) must give the Committee notice of the application; and (b) may grant the permit only with the Committee’s approval. (7) The permit is subject to any conditions specified in the permit.

Note 1: Section 13A of the Act applies to a permit granted by the Minister under this regulation.

Note 2: Part 2 of the Charter of the United Nations (Dealing with Assets) Regulations 2008 applies to these Regulations.