5Prohibition relating to dealings with designated persons or entities

5 Prohibition relating to dealings with designated persons or entities

(1) A person contravenes this subsection if: (a) the person directly or indirectly makes an asset available to, or for the benefit of, a designated person or entity; and (b) the making available of the asset is not authorised by a permit under section 7. (2) For an offence under section 27 of the Act that relates to a contravention of subsection (1) by an individual, strict liability applies to the circumstance that the making available of the asset is not authorised by a permit under section 7. (3) Section 15.1 of the Criminal Code (Extended geographical jurisdiction—category A) applies to an offence under section 27 of the Act that relates to a contravention of subsection (1).

Note 1: Subsection (3) has the effect that the offence has extraterritorial operation.

Note 2: This section is specified as a UN sanction enforcement law in the Charter of the United Nations (UN Sanction Enforcement Law) Declaration 2008.