Charter of the United Nations (Sanctions—Iraq) Regulations 2008
12Prohibition relating to controlled assets
Start here
Get a plain-English read of 12
Turn the raw legal text into a practical explanation grounded in Charter of the United Nations (Sanctions—Iraq) Regulations 2008.
12 Prohibition relating to controlled assets
(1) A person contravenes this regulation if: (a) the person holds a controlled asset ; and (b) the person, otherwise than in accordance with arrangements under regulation 11: (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. (2) Section 15.1 of the Criminal Code applies to an offence under section 27 of the Act that relates to a contravention of subregulation (1).
Note 1: Subregulation (2) has the effect that the offence has extraterritorial operation.
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.