5Prohibition relating to dealings with designated persons or entities

5 Prohibition relating to dealings with designated persons or entities

(1) A person contravenes this section 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), strict liability applies to the circumstance that the making available of the asset is not authorised by a permit under section 7.

Note: For strict liability, see section 6.1 of the Criminal Code.

(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: This 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.