This is one case where cutting and pasting the actual regulations is largely unncessary. Simply put, a designation under the Regulation lasts for 3 years, unless renewed or revoked. One can apply for revocation of a designation, in writing stating the grounds for the revocation – but if you do it more often than yearly, the Minister is under no obligation to review the application. Applications for revocation can be made by designated persons, persons who own or control a designated asset, or persons who own or control sanctioned vessels.
Next time, the sanctions prohibitions of Part 3.
Posted with BlogsyFiled under: DFAT Updates, Sanctions Regulations
