13Permit to deal with designated persons or entities

13 Permit to deal with designated persons or entities

(1) The Minister may, on application, grant a person a permit authorising: (a) the making of an asset available to, or for the benefit of: (i) a designated person; or (ii) a person or entity acting on behalf of or at the direction of a designated person; or (iii) an entity owned or controlled by a designated person; or (b) a use of, or a dealing with, a controlled asset that would otherwise contravene regulation 12A.

Note: Under section 13A of the Act, a permit is taken never to have been granted if the application for the permit contains information that is false or misleading in a material particular.

(2) The application must be an application for a basic expense dealing.

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

(3) The Minister: (a) must notify the Committee of the application; and (b) may grant a permit under subregulation (1) if: (i) 5 working days have passed since the notice was given; and (ii) the Committee has not advised against granting a permit to the applicant. (4) A permit is subject to any conditions specified in the permit.